Auditor appointment provision amended: removal of the first proviso in section 139(1) alters the statutory appointment framework. The Bill removes the first proviso to section 139(1) of the Companies Act, excising that conditional exception from the subsection and thereby eliminating ... Summary
Auditor appointment provision amended: removal of the first proviso in section 139(1) alters the statutory appointment framework.
The Bill removes the first proviso to section 139(1) of the Companies Act, excising that conditional exception from the subsection and thereby eliminating the specific carve-out previously governing auditor appointment and related procedural requirements without changing the remainder of section 139(1).
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