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

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Full Text of the Document

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....ppointment/reappointment of auditors at the annual general meeting is one of the items of ordinary business to be transacted at such a meeting. As provided by section 224(2), at any annual general meeting a retiring auditor shall be reappointed except in four types of cases referred to therein. The expression "shall be reappointed" postulates some action on the part of the company resulting in the....