ours is listed company. our statutory auditors have signed the balance sheet as on 31.03.2013 and now they want to resign due to some personal reason. what compliances are to be done from the company side and what procedure is to be followed in this matter
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Dear shivang,
1. If the auditor resigns it becomes casual vacancy,
2. A vacancy caused by resignation shall only be filled by the company in general meeting under sec.224(6)(a) of the companies act, 1956.
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