If a company does not appoint or reappoint an auditor at the AGM, the existing auditor:
Acontinues until otherwise resolved, subject to the Act
Bis automatically removed
Cis fined
Dbecomes a director
Answer & Solution
Correct answer: A. continues until otherwise resolved, subject to the Act
If no auditor is appointed at the AGM, the existing one continues, subject to the Act.
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