Section 724 of The Companies Act No. 17 of 2015: Fixing of auditor’s remuneration

    

(1) If an auditor is appointed by the members of a company, the membersshall fix the auditor’s remuneration, either by ordinary resolution or in such as the members may, by ordinary resolution, determine.
(2) If an auditor of a company is appointed by the directors, the directors shallfix the remuneration of the auditor
(3) An auditor appointed by the Registrar is entitled to receive from the companyremuneration at a reasonable rate fixed by the Registrar.
(4) For the purposes of this section "remuneration" includes sums paid inrespect of expenses.
(5) This section applies in relation to benefits in kind as well as to payments of money.


Disclaimer: This document is not to be taken as legal advise.

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