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What does Section 140 (4) of the Companies Act pertain to?
  • a)
    Appointment of the first auditor of a newly incorporated company.
  • b)
    Remuneration of auditors appointed by the company.
  • c)
    Qualifications required to be appointed as an auditor.
  • d)
    Special notice for removing an auditor before the expiry of their term.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What does Section 140 (4) of the Companies Act pertain to?a)Appointmen...
Section 140 (4) of the Companies Act pertains to the requirement of a "special notice" for removing an auditor before the expiry of their term. This notice is necessary when shareholders propose a resolution at an annual general meeting to appoint a new auditor or to expressly state that the retiring auditor will not be re-appointed. This provision ensures transparency and proper procedures in case a company wishes to change its auditor before their term concludes.
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What does Section 140 (4) of the Companies Act pertain to?a)Appointment of the first auditor of a newly incorporated company.b)Remuneration of auditors appointed by the company.c)Qualifications required to be appointed as an auditor.d)Special notice for removing an auditor before the expiry of their term.Correct answer is option 'D'. Can you explain this answer?
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What does Section 140 (4) of the Companies Act pertain to?a)Appointment of the first auditor of a newly incorporated company.b)Remuneration of auditors appointed by the company.c)Qualifications required to be appointed as an auditor.d)Special notice for removing an auditor before the expiry of their term.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does Section 140 (4) of the Companies Act pertain to?a)Appointment of the first auditor of a newly incorporated company.b)Remuneration of auditors appointed by the company.c)Qualifications required to be appointed as an auditor.d)Special notice for removing an auditor before the expiry of their term.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does Section 140 (4) of the Companies Act pertain to?a)Appointment of the first auditor of a newly incorporated company.b)Remuneration of auditors appointed by the company.c)Qualifications required to be appointed as an auditor.d)Special notice for removing an auditor before the expiry of their term.Correct answer is option 'D'. Can you explain this answer?.
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