157.
| (1) Special notice shall be required for a resolution at a company's annual general meeting appointing as auditor a person other than a retiring auditor or providing expressly that a retiring auditor shall not be reappointed |
|
| (2) On receipt of notice of a resolution referred to in subsection (1), the company shall forthwith send a copy thereof to the retiring auditor, if any. |
|
| (3) Where notice is given of a resolution referred to in subsection (1) and the retiring auditor makes, with respect to such resolution, representations to the company in writing (not exceeding a reasonable length) and requests their notification to members of the company, the company shall, unless the representations are received by it within a period of fourteen days from the date of the notice, send a copy of the representations to every member of the company to whom notice of the meeting is sent (whether before or after receipt of the representations by the company), and where a copy of the representations is not sent because of the company's default, or because such representations were received after the expiry of such period, the auditor may (without prejudice to his right to be heard orally) require that the representations shall be read out at the meeting: |
|
| (4) The provisions of subsection (3) shall apply to a resolution to remove the first auditors by virtue of the provisions of subsection (5) of section 156 as it applies in relation to a resolution that a retiring auditor shall not be reappointed. |
|
|
Sri Lanka Consolidated Acts