C2Part 16Audit
Annotations:
Modifications etc. (not altering text)
Chapter 2Appointment of auditors
Public companies
C1491Term of office of auditors of public company
1
The auditor or auditors of a public company hold office in accordance with the terms of their appointment, subject to the requirements that—
a
they do not take office until the previous auditor or auditors have ceased to hold office, and
b
they cease to hold office at the conclusion of the accounts meeting next following their appointment, unless re-appointed.
2
This is without prejudice to the provisions of this Part as to removal and resignation of auditors.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2