Circular : No. 35/6/68‑CL‑III, dated 18‑11‑1969. Subject:-Appointment of auditors other than retiring auditors ‑ Non‑forwarding of notice to retiring auditors ‑ Consequence of The effect of non‑forwarding of notice under section 225(2) to the retiring auditors has been examined by the Company Law Bo

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..... 69 Circular - Circulars - Companies Law - Circular : No. 35/6/68 ‑ CL ‑ III, dated 18 ‑ 11 ‑ 1969. Subject:- Appointment of auditors other than retiring auditors ‑ Non ‑ forwarding of notice to retiring auditors ‑ Consequence of The effect of non‑forwarding of notice under section 225(2) to the retiring auditors has been ex .....

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..... s of the section are mandatory in nature and must therefore be strictly complied with. Further any resolution requiring special notice must comply with the requirements of section 190. Contravention of the provision of section 225 would attract penalty to the company under section 629A. Further, if the new auditor, being a chartered accountant in practice, accepts the position as auditor previousl .....

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