Statutory Audit :

Sections 139 to 147 under chapter X of the Companies Act 2013 along with the Companies (Audit and Auditors) Rules, 2014 contain provisions regarding audit and auditors.

• Section 139 contains provision regarding Appointment of auditors.

• Removal, resignation of auditor and giving of special notice is provided in Section 140.

• Section 141 prescribes eligibility, qualifications and disqualifications of auditors.

• Section 142 deals with the provisions of Remuneration of auditors.

• Powers and duties of auditors and auditing standards is provided in Section 143.

• Section 144 provides a list of certain services which auditor is not to render.

• Section 145 deals with signing of Audit Reports.

• Section 146 deals with Auditors to atteng General Meeting

• Section 147 deals with punishment for contravention