Shareholders ResolutionShareholdersSection 140(1)Rule 7, Companies (Audit and Auditors) Rules 2014

Removal of Statutory Auditor

All companies. Central Government approval (Form ADT-2) is a mandatory precondition before any GM resolution.

Getting the auditor appointment right protects everything that comes after it. It's anchored in Section 140(1) — not a formality, a real legal requirement. What that means day to day: requires: (1) prior Central Government approval via ADT-2 within 30 days of Board resolution, (2) special resolution at general meeting within 60 days of CG approval, (3) reasonable opportunity of hearing for the auditor. Three minutes, zero second-guessing — that's the whole point of Fi CTC Generator.

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