student
2 Points
Joined March 2019
sec 140(4) specifies the situations where special notice is required as per sec 115
it is up to members in deciding to appoint another person than retiring auditor or, expressly providing not to appoint the retiring auditor
here retiring auditor simply means the auditor who has completed his tenure as the case may be u/s 139(2).
auditor to be reappointed need not be ratified by the members ( amendment act 2017).
therefore sec140(4) applies where the auditor has not completed his tenure