Auditor's unwillingness to get appointed/reappointed

Sunny jorkar (Article Assistant) (101 Points)

01 October 2010  

Hi

An Auditor (whether be a Retiring or a new auditor) has given his consent to the company for his appointment if made will be in accordance with the limits prescribed u/s 224(1B) and with reference to the consent letter the Company have appointed the said auditor in AGM and also intimated the said auditor about his appointment/Reappointment within 7 days 

But Now after receiving the intimation the said auditor gives his unwillingness in writing to the company of not to be appointed or reoppointed as auditor (Note: Here there is no case of Casual Vacancy)

Now what will the Company Do for appointing another auditor since AGM was already over?????. 

From my point of view -The Central Government will have to appoint another auditor