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    <title>APPOINTMENT OF AUDITORS UNDER NEW COMPANY LAW (Part -II)</title>
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    <description>Appointment and rotation of auditors allocate initial selection, casual vacancy procedures, reappointment constraints, and government-company special rules. Rotation permits member-resolved rotation of audit partners or joint auditors and the Government may prescribe rotation rules. The Board appoints the first auditor of non government companies within the initial incorporation period and fixes remuneration, with members empowered to appoint if the Board fails; for government companies the Comptroller and Auditor General has primary appointment power. Casual vacancies are generally filled by the Board, subject to special rules for resignations and Comptroller and Auditor General appointments, and Audit Committee recommendations must be considered for appointments.</description>
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    <pubDate>Mon, 30 Dec 2013 09:03:37 +0530</pubDate>
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