Explain the provision of the Companies Act 1994 relating to appointment of the auditors of a company.

There are the following rules as per the Companies Act 1994 dealing with the appointment of auditor:

A. Every company shall appoint auditors at each AGM and the auditor will hold office until the next
AGM. Provided that, no person can be appointed as auditor unless his written consent has been obtained prior to his appointment or re-appointment.

B.  Every auditor will inform to the registrar in writing his acceptance or refusal within 30 (thirty) days from the date of receipt of appointment.

C. A retiring auditor shall have right to be re-appointed at AGM, unless:

D. He is not qualified for re-appointment.

E. He has given written notice for his unwillingness.

F. A resolution has been passed at that meeting appointing somebody instead of him.