Question

At a general meeting to consider the accounts of a company, an infuriated chairman refused to...

At a general meeting to consider the accounts of a company, an infuriated chairman refused to allow the reading of the Auditor’s Report on the accounts.

State and explain if this directive was proper.

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Answer #1

It is the statutory right and obligation of the company and auditor to read the Auditor's Report at the general meeting.

Chairman/ Director does not have any right to refuse the same as per the statute.

In the given case, An infuriated chairman refuse to allow the reading of the Auditor's Report on the accounts at the general meeting.

Considering the above facts, It can be concluded that the chairman does not have any right to refuse it and this directive is void-ab-initio (not valid in law).

I hope it will help you in the study.

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