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Explain this

Corporate & Other Laws

What is casual vacancy ??

Dhakshana Dhakshana

CFA L1

★ 18K+

19-Mar-23 12:28

219

Answers (2)

Vacancy arises in company due to resignation or death or removal of the auditor from his position. In simple terms, vacancy arises other than rotation of auditor

Ashik Ahamed

CA Inter

★ 1K+

19-Mar-23 19:41

Correctly explained above by Ashish. To add to it, Its basically when Auditors position is vacated before the expiry of his term. It could be for many reasons including disqualification, death, resignation, removal etc.

CA YOGITA HARJANI

Faculty

20-Mar-23 13:23

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