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Company Audit

This query is : Resolved 
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(Querist)
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?
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Abuzar Azmi

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Abuzar Azmi (Expert)
16 July 2010 Yes
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2010 Yes you will have to appoint auditor vide special resolution
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Krishan

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Krishan (Expert)
16 July 2010 yes, spl. resolution is required...
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Srikant

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Srikant (Expert)
16 July 2010 Yes you need Special Resolution.
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Rasesh

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Rasesh (Expert)
16 July 2010 Yes. Special Resolution is required.
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