Removal of auditor under act

prachi manekar (CS) (24 Points)

12 November 2013  

Under the new Act, any person can apply to the Tribunal for removal of auditors. Any members or creditor irrespective of the quantum or percentage of holding can make such an application. Wont this be a source of harassment for the auditors? 

Excerpt "Insights into the new Company law", Prachi Manekar, Lexis Nexis