Which of the following statements is not correct regarding removal of first auditor before expiry of the term?

He is removed at a general meeting.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

The shareholders are authorized to do so.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

The approval of the Central Government is required for such removal.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

The provisions for such removal are contained in section

224 (7)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C The approval of the Central Government is required for such removal.
In case , first auditor is removed before expiry of his term, approval of Central government is not required since shareholders take this decision in the general meeting. The procedure is in accordance with the companies act.

Suggest Corrections

Similar questions

Q. The authority to remove the first auditor before the expiry of terms is with ___________.

Q. The authority to remove the first auditor before the expiry of term is with the _________________.

Q. The authority to remove the Vice President from his office before the expiry of his term is with the ________.

Q. Who has the authority to remove the Vice-President from his office before the expiry of his term?

Consider the following statements regarding Comptroller and Auditor General of India
1. He holds office for a period of six years or up to the age of 65 years, whichever is earlier.
2. He holds office during the pleasure of the president.
3. He can be removed on the ground of proved misbehaviour or incapacity.
Which of the above statement(s) is/are correct?

Join BYJU'S Learning Program