Auditor not to be appointed except with the approval of the company by special resolution in certain cases.

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Full Text of the Document

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....ubscribed share capital is held, whether singly or in any combination, by___ (a) a public financial institution or a Government company or Central Government or any State Government, or (b) any financial or other institution established by any Provincial or State Act in which a State Government holds not less than fifty-one per cent of the subscribed share capital, or (c) a nationalised ban....