Auditor not to be appointed except with the approval of the company by special resolution in certain cases.

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..... per cent of the subscribed share capital is held, whether singly or in any combination, by ___ (a) a public financial institution or a Government company or Central Government or any State Government, or (b) any financial or other institution established by any Provincial or State Act in which a State Government holds not less than fifty-one per cent of the subscribed share capit .....

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..... 1971 (17 of 1971); (b) "nationalised bank" means a corresponding new bank as defined in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) [2] [or in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980).] --------------------------------------- Notes:- [1] Inserted by the Companies (Amendment) Act .....

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