Section 195: Appointment of auditor

195. Appointment of auditor (1) Subject to section 209 and to this section, a company shall, at each annual meeting, appoint an auditor to— (a) hold office from the conclusion of the meeting until the conclusion of the next annual meeting; and (b) audit the financial statements of the company and, if the company is required to complete group financial statements, those group financial statements, for the accounting period next after the meeting. (2) The Board of a company may fill any casual vacancy in the office of auditor, but while the vacancy remains, the surviving or continuing auditor, if any, may continue to act as auditor. (3) Where— (a) at an annual meeting of a company, no auditor is appointed or reappointed and no notice has been given pursuant to section 209 (5); or (b) a casual vacancy in the office of auditor is not filled within one month of the vacancy occurring, the Registrar may appoint an auditor. (4) A company shall, within 7 days of the power becoming exercisable, give written notice to the Registrar of the fact that the Registrar is entitled to appoint an auditor under subsection (3).