Appointment of auditor

Should Appointment of Branch Auditor require explanatory statement in AGM?

Replies (2)

Yes, since appointment of a Branch Auditor is a special business, explanatory statement is required. 

DEAR EXPERTS,

                            BRANCH AUITORS ARE BASICALLY APPOINTED TO CARRY OUT AUDITING WORK OF THE COMPANY"S BRANCH-  INFACT BRANCH AUDITORS ARE REQUIRED TO CARRY OUT THE SPECIAL BUSINESS WHICH HAS TO BE CONDUTED BY THE COMPANY. BR AT BM NEEDS TO BE PASSED FOR APPOINTING BRANCH AUDITOR- EXPLANATORY STATEMENT  IS REQUIRED AFTER EVERY RESOLUTION IS PASSED.

THANKS,

TANVEER

 

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