C3Part 16Audit
Annotations:
Modifications etc. (not altering text)
Chapter 2Appointment of auditors
General provisions
C1C2492Fixing of auditor's remuneration
1
The remuneration of an auditor appointed by the members of a company must be fixed by the members by ordinary resolution or in such manner as the members may by ordinary resolution determine.
2
The remuneration of an auditor appointed by the directors of a company must be fixed by the directors.
3
The remuneration of an auditor appointed by the Secretary of State must be fixed by the Secretary of State.
4
For the purposes of this section “remuneration” includes sums paid in respect of expenses.
5
This section applies in relation to benefits in kind as to payments of money.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2