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An auditor not present at an AGM (whether in person or through authorised representative qualified to be an auditor) — the position is:
APunishable for contravention of Section 146 — must attend through self or qualified representative
BNo issue — attendance is not mandatory
CPunishable but only if the company is listed
DPunishable only on shareholder complaint
Answer & Solution
Correct answer: A. Punishable for contravention of Section 146 — must attend through self or qualified representative
1. Section 146 — auditor (or duly authorised representative qualified to be an auditor) shall attend the AGM unless otherwise exempted by the company.
2. A non-CoP holder is not a qualified representative.
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — Audit and Auditors_