113. (1) Every company shall at each annual general meeting appoint an auditor or auditors to hold office until the next annual general meeting.
(2) If no appointment of auditors is made at any annual general meeting, the enterprise registrar may, on the application of any shareholder of the company, appoint an auditor of the company for the current year, and fix the remuneration to be paid to him by the company for his services.
(3) No director or officer of a company may be appointed auditor of the company.
(4) The directors may fill any vacancy in the office of auditor, but while any such vacancy continues the remaining auditor or auditors, if any, shall continue to act.