Special resolution requirement for auditor appointment applies when institutional holdings aggregate to threshold, regardless of category. The Department of Company Affairs concludes that the three sub-clauses identifying institutional holders are not mutually exclusive and that holdings by institutions described in those clauses must be aggregated in any combination to determine applicability of the special resolution requirement for appointment or re-appointment of auditors when the institutional holding meets the prescribed threshold.
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.
Special resolution requirement for auditor appointment applies when institutional holdings aggregate to threshold, regardless of category.
The Department of Company Affairs concludes that the three sub-clauses identifying institutional holders are not mutually exclusive and that holdings by institutions described in those clauses must be aggregated in any combination to determine applicability of the special resolution requirement for appointment or re-appointment of auditors when the institutional holding meets the prescribed threshold.
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