Corporate law
This query is : Resolved
13 June 2013
How to remove auditor in AGM.
13 June 2013
Auditor(s) may be removed before the expiry of his/their term ie; before the conclusion of the next AGM ,who has been appointed in the preceding AGM ,by the members/shareholders;
(i) only in the general meeting of the company; and
(ii) after obtaining the previous approval from the Central Government.
Further, Section 225 of the Companies Act,1956 provides that a special notice shall be required for a resolution at an extra ordinary general meeting and/or AGM for appointing as auditor a person other than a retiring auditor, or providing expressly that a retiring auditor shall not be re-appointed.
(i) only in the general meeting of the company; and
(ii) after obtaining the previous approval from the Central Government.
Further, Section 225 of the Companies Act,1956 provides that a special notice shall be required for a resolution at an extra ordinary general meeting and/or AGM for appointing as auditor a person other than a retiring auditor, or providing expressly that a retiring auditor shall not be re-appointed.
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