Appointment of auditor u/s 224 of co act 1956

Sanjay (student) (37 Points)

01 April 2014  

If At AGM Audit report is submitted and new auditor is appointed at AGM in place of retiring auditor, but AGM is adjourned, then can old auditor continue to hold office untill completion of adjourned meeting or new auditor will hold office as the task of old auditor is completed?

Give ans with ref to Co Act 1956.