ABC Limited's failure to appoint a cost auditor, where it is statutorily required, constitutes an offence under Section 148 of the Companies Act,…
CA Intermediate · Corporate and Other Laws · PYQS · January 2026
ABC Limited's failure to appoint a cost auditor, where it is statutorily required, constitutes an offence under Section 148 of the Companies Act, 2013. What is meant by "offence" under the General Clauses Act, 1897?
Suggested Answer and Working Notes:
(2) According to section 3 (38) of the General Clauses Act, 1897, ‘Offence’ shall mean any act or omission made punishable by any law for the time being in force.
Topics: Audit and Auditors
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