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Structural division: books › party › SECTION THREE
Article 343 — Appointment of Auditors
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Every share company shall have one or more independent and impartial external Auditors and assistant Auditors; The Auditors and assistant Auditors shall be elected by the general meeting of the shareholders.
2/ A shareholder or shareholders representing not less than 20% of the capital of the company may appoint an Auditor selected by them.
3/ A body corporate may act as Auditor.
4/ Auditors shall be elected by the meeting of subscribers and thereafter by the general meeting.