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Most companies do not seek shareholders’ approval for ratification of auditors, says report

Updated : July 18, 2018 09:58 AM IST

161 companies held their AGMs between May 1 and July 15, out of which, eighty-four companies did not seek ratification of auditors.
Out of the 84 companies, 20 are state-run banks, said the report.
About 32 auditors resigned in the first five months of 2018 without mentioning the reason.
Most companies do not seek shareholders’ approval for ratification of auditors, says report

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