https://www.taxtmi.com/article/detailed?id=5419 Removal of an auditor requires a special resolution, prior Central Government approval and a reasonable opportunity to be heard. Resigning auditors must file a prescribed statement of reasons within thirty days with the company and Registrar (and with the CAG for government-controlled companies), failing which penalties apply. The Tribunal may suo motu or on application direct change of auditor where the auditor acted fraudulently; a final order disqualifies the auditor (and responsible partners in a firm) from appointment for a barred period and exposes them to fraud liability. Rules set form and manner for approvals and resignation statements. en-us Mon, 06 Jan 2014 06:25:26 +0530 Mon, 06 Jan 2014 06:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5419 Removal of an auditor requires a special resolution, prior Central Government approval and a reasonable opportunity to be heard. Resigning auditors must file a prescribed statement of reasons within thirty days with the company and Registrar (and with the CAG for government-controlled companies), failing which penalties apply. The Tribunal may suo motu or on application direct change of auditor where the auditor acted fraudulently; a final order disqualifies the auditor (and responsible partners in a firm) from appointment for a barred period and exposes them to fraud liability. Rules set form and manner for approvals and resignation statements. Articles Corporate Laws / IBC / SEBI Mon, 06 Jan 2014 06:25:26 +0530 https://www.taxtmi.com/article/detailed?id=5419