TMI BlogRemoval, resignation of auditor and giving of special noticeX X X X Extracts X X X X X X X X Extracts X X X X ..... vious approval of the Central Government in that behalf in the prescribed manner: Provided that before taking any action under this sub-section, the auditor concerned shall be given a reasonable opportunity of being heard. (2) The auditor who has resigned from the company shall file within a period of thirty days from the date of resignation, a statement in the prescribed form ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eneral meeting appointing as auditor a person other than a retiring auditor, or providing expressly that a retiring auditor shall not be re-appointed, except where the retiring auditor has completed a consecutive tenure of five years or as the case may be, ten years, as provided under sub-section (2) of section 139. (ii) On receipt of notice of such a resolution, the company shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not sent as aforesaid because it was received too late or because of the company's default, the auditor may (without prejudice to his right to be heard orally) require that the representation shall be read out at the meeting: Provided that if a copy of representation is not sent as aforesaid, a copy thereof shall be filed with the Registrar: Provided further that if the Tri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Provided that if the application is made by the Central Government and the Tribunal is satisfied that any change of the auditor is required, it shall within fifteen days of receipt of such application, make an order that he shall not function as an auditor and the Central Government may appoint another auditor in his place: Provided further that an auditor, whether individual ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w.e.f. 09 February, 2018, before it was read as, fifty thousand rupees 2. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2019 w.e.f. 02-11-2018 before it was read as (3) If the auditor does not comply with sub-section (2), he or it shall be punishable with fine which shall not be less than 1 [fifty thousand rupees or the remuneration of the auditor, whichever is less,] but which ..... X X X X Extracts X X X X X X X X Extracts X X X X
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