18 August 2008
1. Removal of Statutory Auditor in the Annual General Meeting: The Statutory Auditor may be removed in the AGM by appointing any person other than retiring auditors [Sec.224(2)(c)]. However, special notice should be given to the retiring auditors regarding the same and if any written representation given by the auditors, the same shall be read at the AGM [Sec.225]
2. In all other cases, the Statutory Auditors can be removed only in the General Meeting after obtaining prior approval of the Central Government.
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