Circular : No. 35/6/68 CL III, dated 18 11 1969. Subject:-Appointment of auditors other than retiring auditors Non forwarding of notice to retiring auditors Consequence of The effect of non forwarding of notice under section 225(2) to the retiring auditors has been examined by the Company Law Bo

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....68‑CL‑III, dated 18‑11‑1969. Subject:- Appointment of auditors other than retiring auditors ‑ Non‑forwarding of notice to retiring auditors ‑ Consequence of The effect of non‑forwarding of notice under section 225(2) to the retiring auditors has been examined by the Company Law Board in consultation with the Ministry of Law. The Board has been advi....

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.... resolution requiring special notice must comply with the requirements of section 190. Contravention of the provision of section 225 would attract penalty to the company under section 629A. Further, if the new auditor, being a chartered accountant in practice, accepts the position as auditor previously held by a retiring auditor, being another chartered accountant in practice, without first commun....