Company Audit
This query is : Resolved
16 July 2010
26% of the Subscribed Share Capital of a company is held in combination by LIC(20%) and Nationalized Bank(6%). In such a case Is there's a need to pass the Special Resolution for appointment of the Auditor in that company?
Abuzar Azmi
(Expert)
16 July 2010
Yes
Aditya Maheshwari
(Expert)
16 July 2010
Yes you will have to appoint auditor vide special resolution
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