Statutory auditor appointment: government controlled companies require appointment via designated authority on audit office advice. Statutory auditors of government owned or controlled companies must be appointed or reappointed by the Company Law Board on the advice of the Comptroller and Auditor General; compliance with this requirement is the responsibility of the companies. Auditors proposed under the general appointment provision must confirm that the company lies outside the special statutory ambit before acceptance. Any appointment or reappointment made by the company under the general provision for a company within the special regime is void ab initio.
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.
Statutory auditor appointment: government controlled companies require appointment via designated authority on audit office advice.
Statutory auditors of government owned or controlled companies must be appointed or reappointed by the Company Law Board on the advice of the Comptroller and Auditor General; compliance with this requirement is the responsibility of the companies. Auditors proposed under the general appointment provision must confirm that the company lies outside the special statutory ambit before acceptance. Any appointment or reappointment made by the company under the general provision for a company within the special regime is void ab initio.
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