Regulation 18 — Terms of appointment of Auditors

(1) An auditor or auditors of an LLP shall hold office in accordance with the terms of his or their appointment.

(2) The remuneration of an auditor appointed by the limited liability partnership may be fixed by the designated partner or by following the procedure as laid down in the limited liability partnership agreement.

(3) The partners of a limited liability partnership may remove an auditor from office at any time before the expiry of term by three fourth majority of the partners by following the procedure as laid down in the limited liability partnership agreement.

(4) An auditor of an LLP may resign from his office by giving a notice in writing to that effect at the LLP's registered office.

(5) Any vacancy of the auditor shall be filled by the partners within thirty days of the date thereof.