Wednesday, April 16, 2014

Tenure and re-appointment of auditors

  • Auditors appointed in an Annual General Meeting (AGM) shall hold office from the conclusion of that meeting until the conclusion of the ensuing sixth AGM (subject to ratification by members at every AGM).
  • The Company may remove the auditors before the expiry of its term by passing a special resolution and prior approval from Central Government.
  • The auditors also have the right to resign, but reasons for resignation to be mandatorily filed.


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