Appointment/ Resignation/ Removal of Auditor

The new regime of Companies Act 2013 has changed the requirement for appointment of the Auditor in Companies. There has been a paradigm shift in the provisions relating to appointment of Statutory Auditor. The purpose of the auditors in the company is to protect the interests of the shareholders. The auditor is obligated by law to examine the accounts maintained by the Directors and inform them of the true financial position of the company. Auditor gives his independent opinion to the owners or shareholders of
the company to protect and keep the company in a safe financial condition.