Part 16Audit

Chapter 4Removal, resignation, etc of auditors

Removal of auditor

510Resolution removing auditor from office

1

The members of a company may remove an auditor from office at any time.

2

This power is exercisable only—

a

by ordinary resolution at a meeting, and

b

in accordance with section 511 (special notice of resolution to remove auditor).

3

Nothing in this section is to be taken as depriving the person removed of compensation or damages payable to him in respect of the termination—

a

of his appointment as auditor, or

b

of any appointment terminating with that as auditor.

4

An auditor may not be removed from office before the expiration of his term of office except by resolution under this section.