Sec 140(4)

This discussion clarifies the need for a special resolution when a company chooses not to reappoint a retiring auditor, particularly due to mandatory cooling-off periods. It addresses the scenario where an AGM is adjourned, leading to the deemed continuation of the retiring auditor. The core point is that removing an auditor before their term ends requires a special resolution and Central Government approval, and appointing a new auditor instead of the retiring one necessitates special notice.