Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Removal of auditor at an agm

Save Share

This query is : Resolved

shreya goyal (Querist)

26 March 2012 sir .plz tell in case of removal of auditor at AGM,approval of CG is necessary??
if in a question simply mentioned that board of directors decided to remove auditor? how to do the question ? ans shud be based on removal before the expiry of term or at AGM?
IN practice manual latest issued by ICAI, it is mentioned that previous approval of CG is required in case of REMOVAL along with special notice,while in questtion it is simply mentioned that board of directors decided to auditor to remove?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)

03 April 2012 The first Auditor appointed by the Board of Directors under 224(5) can be removed by the company at a general meeting and it does not require approval of CG.

However removal of auditor other than first auditor require CG approval

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now