BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
If shareholders do not approve the remuneration proposed for the auditor at the AGM, what happens next as per Section 142?
1
The Board of Directors can set the remuneration.
2
The auditor's appointment is annulled.
3
The previous year's remuneration continues by default.
4
An extraordinary general meeting must be called to decide the remuneration.
5
The Central Government will determine the remuneration.