485. Resignation of auditor

(1) An auditor of a company may resign his office by depositing a notice in writing to that effect at the company's registered office.
(2) The notice is not effective unless it is accompanied by the statement required by section 488 (statement by auditor to be deposited with company).
(3) An effective notice of resignation operates to bring the auditor's term of office to an end as of the date on which the notice is deposited or on such later date as may be specified in it.