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Auditor is not ratified in agm by shareholders
Dear Sir,
In AGM shareholders does'nt ratified an Auditor appointment
now what will be done
Replies (2)
If the agenda item for ratification was included in notice and members decided not to ratify the appointment, it will amount to casual vacancy which needs to be filled up as per Sec.139(8).
If the agenda item for ratification was not included in the notice by the company, it will amount to contravention of Proviso to Sec.139(1) and company will be liable for penal provisions.
Thank you sir
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