RE- APPOINTMENT OF RETIRING AUDITOR-Section139 (9)
At any annual general meeting, a retiring auditor shall be reappointed as auditor of the company except under the foll owing circumstances:
(a) he is not qualified for re-app ointment.
(b) he has given the company a notice in writing of his unwillingness to be re-appointed.
(c) a special resolution has bee n pass ed at that meeting appointing somebody else instead of him or providing express ly that retiring auditor shall not be re- appointed.
Section 139 (10 ) lays that wh ere at any annual general meeting, no auditor is appointed or re-appointed, the existing auditor shall continue to be the auditor of the company.