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CAVerma, the statutory auditor of Sigma Ltd., is convicted of an offence involving fraud mid-tenure. He immediately files an appeal and obtains a stay on his sentence. As per section 141(3)(h) of the Companies Act, 2013, how does this impact his current tenure as auditor?
He is granted a thirty-day grace period before vacating the office
He can continue holding office until his appeal is finally resolved
He must immediately vacate office, resulting in a casual vacancy
He can end his current term but is then permanently disqualified
He must immediately vacate office, resulting in a casual vacancy
Practice and solve "CAVerma, the statutory auditor of Sigma Ltd., is convicted of an offence involving fraud mid-tenure...." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option C: He must immediately vacate office, resulting in a casual vacancy. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "CAVerma, the statutory auditor of Sigma Ltd., is convicted of an offence involving fraud mid-tenure...." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option C: He must immediately vacate office, resulting in a casual vacancy. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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