https://www.taxtmi.com/acts?id=12547 Appointment or re appointment of an auditor at each annual general meeting must be made by special resolution where not less than twenty five per cent of subscribed share capital is held by specified public or state financial institutions, nationalised banks, or insurers carrying on general insurance business; failure to pass the special resolution is deemed to amount to no auditor having been appointed and invokes the consequential provisions for vacancies and appointments under the relevant statutory provision, with definitions provided for "general insurance business" and "nationalised bank." en-us Wed, 11 May 2011 17:41:55 +0530 Wed, 11 May 2011 17:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12547 Appointment or re appointment of an auditor at each annual general meeting must be made by special resolution where not less than twenty five per cent of subscribed share capital is held by specified public or state financial institutions, nationalised banks, or insurers carrying on general insurance business; failure to pass the special resolution is deemed to amount to no auditor having been appointed and invokes the consequential provisions for vacancies and appointments under the relevant statutory provision, with definitions provided for "general insurance business" and "nationalised bank." Act-Rules Companies Law Wed, 11 May 2011 17:41:55 +0530 https://www.taxtmi.com/acts?id=12547