26 March 2012
sir .plz tell in case of removal of auditor at AGM,approval of CG is necessary?? if in a question simply mentioned that board of directors decided to remove auditor? how to do the question ? ans shud be based on removal before the expiry of term or at AGM? IN practice manual latest issued by ICAI, it is mentioned that previous approval of CG is required in case of REMOVAL along with special notice,while in questtion it is simply mentioned that board of directors decided to auditor to remove?
03 April 2012
The first Auditor appointed by the Board of Directors under 224(5) can be removed by the company at a general meeting and it does not require approval of CG.
However removal of auditor other than first auditor require CG approval
CAclubindia
