Day: December 30, 2021

Section 225 lays down procedure to remove an auditor after expiry of the term, i.e., conclusion of the next annual general meeting. It requires that for appointing a person other than the retiring auditor or for proposing that the retiring Read More …

Removal of Auditor before Expiry of Term As per sub-section (7) of section 224, an auditor may be removed from office before the expiry of his term, by the company in a general meeting, obtaining the prior approval of the Read More …

Under section 224(8) of the Act, the remuneration of the auditors of a company is fixed: (1) by the directors when auditors are appointed before the first annual general meeting by the directors or to fill a casual vacancy (other Read More …

It has been mentioned earlier that before appointment is given to any auditor, the company must obtain a certificate from him to the effect that the appointment, if made, will not result in an excess holding of company audit by Read More …

Can the Board of directors be authorised by the general meeting to appoint auditors in the event of auditors appointed at an annual general meeting fail to accept the appointment? For knowing the correct legal procedure that should be followed Read More …

A Government company has been defined in section 617 of the Act “as any company in which not less than 51% of the paid-up share capital is held by the Central Government or by any State Government or Governments or Read More …