Removal of subsequent auditor of Pvt ltd Co - Before AGM

This query is : Resolved

V.Sathishkumar (Querist)
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22 June 2011 We are a PRIVATE LIMITED COMPANY. We want to remove our statutory auditor [who has been appointed in our 2nd AGM] before the 3rd AGM.

Whether CG approval is required for that?

Whether Yes/No, Please provide the Sec details of Companies Act.

Thanks in advance

Jayashree S Iyer

Jayashree S Iyer (Expert)
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23 June 2011 An auditor appointed in your second AGM can be removed before expiry of his term only after obtaining previous approval of the Regional Director and members in General Meeting.

Please refer to Section is 224(7) of the Companies Act, 1956.