Auditor appointment and remuneration: mandatory AGM appointment with remuneration fixed by company or appointing authority.

Appointment at each annual general meeting is mandatory, with remuneration fixed by the company in general meeting or by the appointing authority; auditors must be qualified chartered accountants and are subject to specified disqualifications. A retiring auditor is generally re appointable unless disqualified or otherwise replaced, while removal before term typically requires a general meeting and prior governmental approval. Auditors possess rights of access to books, information, report signing and attendance, and must state whether accounts present a true and fair view; special and cost audits and fines for willful non compliance are provided.

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