Auditors – Appointment of Whether retiring auditor can be deemed to be re-appointed or automatically reappointed at general meeting

Auditors – Appointment of Whether retiring auditor can be deemed to be re-appointed or automatically reappointed at general meeting https://www.taxtmi.com/circulars?id=10807 A retiring auditor who is qualified and willing is not automatically or deemed reappointed; the company must pass a resolution at the annual general meeting to reappoint. A resolution appointing a person other than the retiring auditor requires special notice, and non compliance with that requirement invalidates the resolution. Where no auditor is validly appointed or reappointed at the meeting, the statutory power for government appointment of auditors becomes available to fill the vacancy. en-us Mon, 21 Feb 1972 00:00:00 +0530 Fri, 17 Jun 2011 11:36:00 +0530 TaxTMI RSS Generator Auditors – Appointment of Whether retiring auditor can be deemed to be re-appointed or automatically reappointed at general meeting https://www.taxtmi.com/circulars?id=10807 A retiring auditor who is qualified and willing is not automatically or deemed reappointed; the company must pass a resolution at the annual general meeting to reappoint. A resolution appointing a person other than the retiring auditor requires special notice, and non compliance with that requirement invalidates the resolution. Where no auditor is validly appointed or reappointed at the meeting, the statutory power for government appointment of auditors becomes available to fill the vacancy. Circulars Companies Law Mon, 21 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10807