Advisory on Auditor's Reporting on Section 197(16) of the Companies Act, 2013

Last updated: 09 September 2019

1 Section 197(16) of the Companies Act, 2013 requires as under: The auditor of the company shall, in his report under section 143, make a statement as to whether the remuneration paid by the company to its directors is in accordance with the provisions of this section, whether remuneration paid to any director is in excess of the limit laid down under this section and give such other details as may be prescribed. 2 The aforesaid reporting requirement for auditors of public companies needs
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