As per Section 110 of the Companies Act, 2063 every company shall appoint an auditor under this Act to have its accounts audited. The auditor appointed pursuant to Sub-section (1) shall hold office only until
the next annual general meeting. Similarly, as per Section 119 of the same Act no auditor appointed under this Act shall be removed pending the completion of audit of accounts of any financial year for which he/she was appointed as the auditor. The Auditor shall be entitled to attend any general meeting and to be heard at any general meeting, which concerns him as auditor. The right is not restricted only to those meetings at which the accounts audited him are to be presented and discussed.
There may also be situations where the accounts are not yet finalized, but the general meeting is called for. The statutory auditor is entitled to attend every such general meeting, during his tenure as auditor.