Law · Corporate Law
Which of the following statements correctly describes the legal procedure and rights when a statutory auditor is removed from office prior to the expiry of their term at a general meeting of a company?
- 1An auditor of a private company cannot resign or be removed before the completion of three financial years.
- 2Removal of an auditor requires only an ordinary resolution without any special notice requirements.
- 3The removed auditor has a statutory right to attend the general meeting where their term would have expired and make written representations to members.✓
- 4An auditor can be removed solely by a board resolution of directors provided a written statement is served.
Correct answer
The removed auditor has a statutory right to attend the general meeting where their term would have expired and make written representations to members.
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