Remuneration of auditors
Section 142 of the Companies Act, 2013 deals with remuneration of auditors. The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein: Provided that the Board may fix remuneration of the first auditor appointed by it. The Act came into force on 01 Apr 2014.
(1) The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein:
Provided that the Board may fix remuneration of the first auditor appointed by it.
(2) The remuneration under sub-section (1) shall, in addition to the fee payable to an auditor, include the expenses, if any, incurred by the auditor in connection with the audit of the company and any facility extended to him but does not include any remuneration paid to him for any other service rendered by him at the request of the company.
Section 142, The Companies Act, 2013 (Act 18 of 2013).
Questions about Section 142
What does Section 142 of the Companies Act deal with?
Section 142 of the Companies Act is headed "Remuneration of auditors". The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein: Provided that the Board may fix remuneration of the first auditor appointed by it.
How do I find court cases under Section 142 of the Companies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Companies Act 142, section 142 Companies Act, section 142 of the Companies Act. People searching for it also type companies act 2013 section 142. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 142 of the Companies Act come into force?
Section 142 of the Companies Act, cited as Companies Act 142, came into force on 01 Apr 2014, having been enacted on 29 Aug 2013. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions5089 words
- 143. Powers and duties of auditors and auditing standards1867 words
- 230. Power to compromise or make arrangements with creditors and members1432 words
- 232. Merger and amalgamation of companies1416 words
- 149. Company to have Board of Directors1403 words
- 217. Procedure, powers, etc., of inspectors1390 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.