(1) The members of a company may remove an auditor from office at any time.

(2) This power is exercisable only -

(a) by ordinary resolution at a meeting, and

(b) in accordance with section 511 (special notice of resolution to remove auditor).

(3) Nothing in this section is to be taken as depriving the person removed of compensation or damages payable to him in respect of the termination -

(a) of his appointment as auditor, or

(b) of any appointment terminating with that as auditor.

(4) An auditor may not be removed from office before the expiration of his term of office except -

(a) by resolution under this section, or

(b) in accordance with section 511A.