Hi, Can anybody plz solve my query...
the stat. auditor of a govt. co. is appointed by the CAG.
"Does CAG also fixes the remuneration of the Auditor"?
3 Replies
Archit Goyal
(Learning Professional)
(344 Points)
Replied 10 July 2010
dear the auditor must be appointed in agm by members
samne ques. os asked in mmy attempt pcc may 2010
Sagar Zankhariya
(Audit Assist.)
(278 Points)
Replied 10 July 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
venkateswarlu.
(CA Final )
(118 Points)
Replied 10 July 2010
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
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