Shubham AgarwalShubham Agarwal asked 2 years ago

 sir, in this Q. how B Ltd. become subsidiary of A Ltd where only 10% Holding have By A Ltd. Over B Ltd. & This Question have no relevant point regarding control over board so how  we can remember this answer.

1 Answers
RaviRavi Staff answered 2 years ago

If company wants then can adjourn meeting , select new auditor and then appoint him.
But yes in above case automatic appointment will happen. Reappointment in above case was prohibited in company act 1956 but there is no such provision in company act 2013, so it is absolutely fine.