Whether audit fees for subsidiary audit to be approved by audit committee of holding company? It would be helpful if someone can provide reference to law along with answer
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Query of audit fees approval
Replies (2)
Quick Summary
As per company act 2013/1956 the board of directors of holding company has the power to ammend /ratify the decision of the subsidiary company.
But certainly sec 139(9) sec 139(10) and there are other sections.
But certainly sec 139(9) sec 139(10) and there are other sections.
Can you please elaborate whether audit committee of holding company approval is required or not?
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