Solved: The government of assam holds 27000 shares out of the total, Accounting Basics

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The government of assam holds 27000 shares out of the total

Question: The Government of Assam holds 27,000 shares out of the total 1,00,000 subscribed shares of Forest Products Ltd. At the 37th AGM of the company, 41,000 votes are cast in favour of a resolution reappointing Mr. A as the auditor and 27,000 votes are cast against the resolution. There are no absentations. Is Mr. A reappointed as auditor of the company?

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Accounting Basics: The government of assam holds 27000 shares out of the total

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