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Auditor appointed in terms of Sec.139 for One term of five consecutive years - can he be changed by Shareholders at next AGM it self?

Auditors

Posted By: V. maslekar 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

Yes, in pursuant to section 140 of the Act, shareholders can appoint some other auditor in place of the retiring auditor or resolve that the existing auditor shall not be re-appointed provided in such case special notice will be required

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