Re-appointment and removal of qualified auditorsN.I.
44.—(1) A qualified auditor appointed to audit the accounts and balance sheet of a credit union for the preceding year of account shall be re-appointed as auditor of the credit union for the current year of account unless—
(a)a resolution has been passed at a general meeting of the credit union appointing somebody instead of him or providing expressly that he shall not be re-appointed, or
(b)he has given to the credit union notice in writing of his unwillingness to be re-appointed, or
(c)he is ineligible for appointment as auditor of the credit union for the current year of account, or
(d)he has ceased to act as auditor of the credit union by reason of incapacity;
but, where notice is given of an intended resolution to appoint some person or persons in place of a retiring auditor and the resolution cannot be proceeded with at the meeting because of the death or incapacity of that person or those persons, or because he is or they are ineligible for appointment as auditor or auditors of the credit union for the current year of account (as the case may be), the retiring auditor shall not be automatically re-appointed by virtue of this paragraph.
(2) For the purposes of paragraph (1), a person is ineligible for appointment as auditor of a credit union for the current year of account if, but only if—
(a)his appointment in relation to the credit union is prohibited by Article 46, or
(b)he is not a qualified auditor at the time when the question of his appointment falls to be considered.