Part XI Company administration and procedure
Chapter IV Meetings and Resolutions
F1 Appointment of auditors
Annotations:
Amendments (Textual)
C1385F2 Appointment at general meeting at which accounts laid.
1
This section applies to every public company and to a private company which has not elected to dispense with the laying of accounts.
2
The company shall, at each general meeting at which accounts are laid, appoint an auditor or auditors to hold office from the conclusion of that meeting until the conclusion of the next general meeting at which accounts are laid.
3
The first auditors of the company may be appointed by the directors at any time before the first general meeting of the company at which accounts are laid; and auditors so appointed shall hold office until the conclusion of that meeting.
4
If the directors fail to exercise their powers under subsection (3), the powers may be exercised by the company in general meeting.
New ss. 384–388A inserted (subject to the savings and transitional provisions in S.I. 1990/355, arts. 4, 10, Sch. 4) by Companies Act 1989 (c. 40, SIF 27), ss. 118, 119(1), 213(2), (as part of the text inserted to replace Chapter V as mentioned in s. 118 of the 1989 Act)