Government power to appoint auditors applies only when auditors are not appointed at the annual general meeting, preserving audit continuity. Central Government power to appoint auditors arises only where auditors are not appointed at the annual general meeting; auditors serve from the conclusion of the meeting in which they are appointed until the conclusion of the next annual general meeting and remain competent to audit all accounts to be placed before that next meeting, so if a meeting cannot be held on its convened or adjourned date the existing auditors continue in office until the next annual general meeting and may audit subsequent accounts.
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.
Government power to appoint auditors applies only when auditors are not appointed at the annual general meeting, preserving audit continuity.
Central Government power to appoint auditors arises only where auditors are not appointed at the annual general meeting; auditors serve from the conclusion of the meeting in which they are appointed until the conclusion of the next annual general meeting and remain competent to audit all accounts to be placed before that next meeting, so if a meeting cannot be held on its convened or adjourned date the existing auditors continue in office until the next annual general meeting and may audit subsequent accounts.
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