If at 2nd agm ratification was not done then the audit is removed..now how the next auditor will be appt ???? Will it done by BOD ???

Questions › Category: Co. Audit - I › If at 2nd agm ratification was not done then the audit is removed..now how the next auditor will be appt ???? Will it done by BOD ???

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Abhash Singh asked 6 years ago

1 Answers

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Ravi Staff answered 6 years ago

If resolution to ratify him was proposed but it failed, then BoD will appoint.
If resolution to replace or appoint new auditor is proposed then detailed process of 140 will be applied and shareholders will appoint.
First one is more relavant from exam point of view.