Thursday, April 23, 2020

Bombay HC quashes SFIOs complaint against Deloitte, upheld Constitutional validity of S. 140(5) of Cos. Act

Company Law: Section 140(5) does not violate Article 14 of Constitution by singling out CAs for a harsher treatment while leaving out Directors of Company or its office bearers; it neither allows pick and choose between CAs and Directors of Company or its office bearers nor is it arbitrary as it contains procedural safeguards

from www.taxmann.com Latest Case Laws https://ift.tt/2yAJVfi
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