REMUNERATION OF AUDITOR


REMUNERATION OF AUDITOR
The remuneration of auditor of a banking company is to be fixed in accordance with the provisions of section 142 of the Companies Act, 2013 (i.e., by the company in general meeting or in such manner as the company in general meeting may determine). The remuneration of auditors of nationalised banks and State Bank of India is to be fixed by the Reserve Bank of India in consultation with the Central Government.

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