Auditor removal and replacement rules require recorded reasons, hearing rights and appointment from empanelled auditors. The regulation authorises the trustee, after prior approval of the trustee and for reasons recorded in writing, to remove the auditor for misconduct or inefficiency after giving a reasonable opportunity of hearing, and requires immediate appointment of another auditor from auditors empanelled with the Board; the auditor may resign by giving a written notice to the Collective Investment Management Company and to the trustee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Auditor removal and replacement rules require recorded reasons, hearing rights and appointment from empanelled auditors.
The regulation authorises the trustee, after prior approval of the trustee and for reasons recorded in writing, to remove the auditor for misconduct or inefficiency after giving a reasonable opportunity of hearing, and requires immediate appointment of another auditor from auditors empanelled with the Board; the auditor may resign by giving a written notice to the Collective Investment Management Company and to the trustee.
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