https://www.taxtmi.com/caselaws?id=96642 The statutory duty on auditors to report to "the members" was construed as a duty to report to the members assembled in general meeting, not to send individual reports to each shareholder. The court held that auditors were not required to convene the meeting or ensure personal circulation of the report, because they had no power to do so. Their duty was discharged by signing the report and forwarding it to the company secretary through the ordinary administrative channel, leaving the directors and company machinery to lay it before the members. The claim against the auditors therefore failed. en-us Thu, 15 Mar 1934 00:00:00 +0530 Tue, 10 Jan 2012 10:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96642 The statutory duty on auditors to report to "the members" was construed as a duty to report to the members assembled in general meeting, not to send individual reports to each shareholder. The court held that auditors were not required to convene the meeting or ensure personal circulation of the report, because they had no power to do so. Their duty was discharged by signing the report and forwarding it to the company secretary through the ordinary administrative channel, leaving the directors and company machinery to lay it before the members. The claim against the auditors therefore failed. Case-Laws Companies Law Thu, 15 Mar 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96642