Audit query

dear the auditor must be appointed in agm by members

samne ques. os asked in mmy attempt pcc may 2010

Hi......

As per section 619, in the case of an auditor appointed by the Comptroller and Auditor General of India, remuneration shall be fixed by company in general meeting or in such manner as the company  in general meeting may determine.

Regard

Sagar Zankhariya

CAG has  no right to decide the remuneration of auditor appointed by him as per sec 224(8).

As per Sec 224(8), remuneration is decided  as follows

If Auditor appointed  

by AGM, and by CAG                                 - Share holders will decide the remuneration

by CG.                                                           - CG will decide the remuneration