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AI Summary of 401. Resignation of statutory auditor: requisition of general meeting
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401. Resignation of statutory auditor: requisition of general meeting
(1) A notice served by statutory auditors on a company under section 400 which contains a statement in accordance with subsection (3)(b) of that section may also requisition the convening by the directors of the company of a general meeting of the company for the following purpose.
(2) That purpose is the purpose of receiving and considering such information and explanation of the circumstances connected with the statutory auditors' resignation from office as they may wish to give to the meeting.
(3) Where the statutory auditors make such a requisition, the directors of the company shall, within 14 days after the date of service on the company of the foregoing notice, proceed duly to convene a general meeting of the company for a day not more than 28 days after the date of such service.
(4) Subject to subsection (5), where -
(a) a notice served on a company under section 400 contains a statement in accordance with subsection (3)(b) of that section, and