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Companies Law - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Constitutional validity of section 140(5) of the Companies Act, ...

Case Laws     Companies Law

April 23, 2020

Constitutional validity of section 140(5) of the Companies Act, 2013 - violation of Article 14 and 21 of the Constitution of India - invocation of the section against the ex-statutory auditors / company auditors - section 140(5) of the Companies Act, 2013 is not unconstitutional - Direction under S. 212(14) of the Companies Act, 2013 dated 29/05/2019 issued by respondent no. 1 Union of India to respondent no. 2 SFIO is unsustainable and it is quashed & set aside. - HC

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