As enacted

Contents

Companies Act 2007 · As enacted · Part VII · Management and Administration Registered Office

159. Appointment of first auditor

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The first auditor of a company may be appointed by the board of the company before the first annual general meeting, and if so appointed, will hold office until the conclusion of that meeting.

(2)

If the board does not appoint an auditor under subsection (1), the company shall appoint the first auditor at a meeting of the company.

(3)

Neither the board nor the company shall be required to appoint an auditor in accordance with the provisions of this section, if a unanimous resolution is passed by the shareholders that no auditor be appointed. Such a resolution ceases to have effect at the commencement of the first annual general meeting.

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Part VIII

Amalgamations

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Part IX

Compromises with Creditors

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Part X

Approval of Arrangements, Amalgamations, and Compromises by Court

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Part XI

Provisions Relating to Offshore Companies

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Part XII

Winding Up

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Part XIII

Administrators Appointment of Administrator

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Part XIV

Floating Charges

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Part XV

Receivers and Managers

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Part XVI

Registrar-General of Companies and Registration Appointment of Officers

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Part XVII

Application of Act to Existing Companies

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Part XVIII

Overseas Companies

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Part XIX

Advisory Commission

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Part XX

Companies Disputes Board

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Part XXI

Offences Miscellaneous Offences

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Part XXII

Miscellaneous Prohibition of Partnership with More Than Twenty Members

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Part XXIII

Repeals and Amendments

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