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of <h1>Amendment Proposes Removing Auditor Appointment Ratification by Members in Companies (Audit and Auditors) Rules, 2014.</h1> The proposed amendments to the Companies (Audit and Auditors) Rules, 2014 suggest removing the requirement for members of a company to ratify the appointment of auditors at the general meeting. If the appointment is not ratified, the current rule mandates the Board of Directors to appoint a new auditor following the procedure in the Act. The committee recommends eliminating this ratification process, necessitating only consequential changes once implemented.
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