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The board of directors of x ltd whose 20 of subscribed

Question: The Board of Directors of X Ltd., whose 20% of subscribed capital is held by A.P. Government, proposes to appoint Mr.Hari, a C.A., as its statutory auditor in the next AGM.

a. What type of resolution is necessary for his appointment?

b. Will it make any difference if the shareholding of A.P.Government is 28%?

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Accounting Basics: The board of directors of x ltd whose 20 of subscribed

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