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.