BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
Identify the section under which auditors are prohibited from offering management services and why this regulation might be critical for maintaining audit objectivity.
1
Section 143 – Ensures all duties related to financial oversight are preserved.
2
Section 144 – Prevents conflicts of interest and maintains auditor independence.
3
Section 142 – Establishes the remuneration framework for auditors.
4
Section 61 – Pertains to company share capital adjustments.
5
Section 149 – Defines board composition and independence protocols.