Removal of auditor
This query is : Resolved
14 August 2008
what is the procedure for removing a auditor?please specify the section under companies act?
Srinath A. N.
(Expert)
18 August 2008
1. Removal of Statutory Auditor in the Annual General Meeting: The Statutory Auditor may be removed in the AGM by appointing any person other than retiring auditors [Sec.224(2)(c)]. However, special notice should be given to the retiring auditors regarding the same and if any written representation given by the auditors, the same shall be read at the AGM [Sec.225]
2. In all other cases, the Statutory Auditors can be removed only in the General Meeting after obtaining prior approval of the Central Government.
2. In all other cases, the Statutory Auditors can be removed only in the General Meeting after obtaining prior approval of the Central Government.
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