Companies Act, 2013
142.
Remuneration
of auditors.
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.