Summary
- A statutory auditor is seeking exemption from attending general meetings under Section 146 of the Companies Act, 2013, which mandates their presence unless exempted by the company.
- The auditor must submit a written request for exemption, which becomes effective only upon approval from the company’s appropriate authority.
- Genuine reasons such as illness or professional commitments may support an exemption request, but attendance is crucial for sensitive audit-related matters.
- Non-compliance with Section 146 could lead to penalties for the company and its officers, while auditors may face professional consequences for non-attendance without approval.
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