S.159 (1) provides that "every company shall at each annual general meeting appoint an auditor or auditors to hold office from the above in shortly of that, until the in short form of the next, annual general meeting".
By S.159 (2) a retiring auditor shall be deemed to be reappointed without any resolution being passed unless:-
a) Here he is not qualified for reappointment; or
b) a resolution has been passed at that meeting (i.e. annual general meeting) appointing somebody instead of him or providing expressly that he shall not be appointed; or
c) Here he has given the company notice in writing of his unwillingness to be reappointed.