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Sec 140(4)

10 April 2020

why does company needs to pass a special resolution to not reappointment the auditor because a retiring auditor cannot be reappointed bcz he has to go on a compulsory cooling period of 5yrs after retirement?

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3 Replies

gopi nadh (student) (35 Points)
Replied 10 April 2020

In case of AGM is not held and it is adjourned retiring auditor deemed to be the continue that's why

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Rinks Singh (82 Points)
Replied 15 April 2020

In my view no resolution required to pass.

JAINA SHAH (LLB, Pursuing CS) (26 Points)
Replied 18 April 2020

The auditor appointed under section 139 may be removed from his office before the expiry of his term only by a special resolution of the company, after obtaining the previous approval of the Central Government and