23 June 2011
If after the auditor was validly appointed, there is a vacancy in the office of auditor, this is called casual vacancy.
Reasons Of Casual Vacancy – This may arise due to Death, insolvency, incapacity, disqualification, resignation of auditor or dissolution of CA firm etc.
Who could fill the Vacancy??
If it was due to resignation – Only by shareholders.
If it was due to other reason – By BOD (If BOD fails then by shareholders)
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