1[9 Liability to Devolve on Concerned Partners Only

In case of criminal liability of any audit firm, the liability other than fine, shall devolve only on the concerned partner or partners, who acted in a fraudulent manner or abetted or, as the case may be, colluded in any fraud.]

Amendments

 

1. Omited by The Companies (Audit and Auditors) Amendment Rules, 2018.

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