Auditors – Appointment of Whether retiring auditor can be deemed to be re-appointed or automatically reappointed at general meeting

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..... pointment/reappointment of auditors at the annual general meeting is one of the items of ordinary business to be transacted at such a meeting. As provided by section 224(2), at any annual general meeting a retiring auditor shall be reappointed except in four types of cases referred to therein. The expression "shall be reappointed" postulates some action on the part of the company resulting in the .....

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..... retiring auditors shall stand reappointed as auditors of the company. In view of section 225, special notice shall be required for a resolution appointing as an auditor a person other than the retiring auditor. Non-compliance with the provisions of the said section would render such a resolution illegal and ineffective. Government's power to appoint auditors under section 224(3) becomes availabl .....

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