18 December 2014
Casual vacancy arouse because of Merger of 2 CA Firms. I think it should be treated as Casual Vacancy other than Resignation. Please correct me, if i am wrong.
Also please let me know the procedure for filling up the casual vacancy and MCA Filling thereafter.
18 December 2014
1. Intimate the proposed auditor(s) regarding the intention of appointing him/it as auditor and ask whether he/ it is eligible and not disqualified to be appointed as auditor of the company. 2. Obtain consent & certificate from auditor. 3. If Audit Committee required to be constituted under section 177, then obtain its recommendation (Section 139(11)). 4. Call Board meeting for the purpose of following:- • Appointment of auditor in casual vacancy. • Considering that the qualification & experience are commensurate with the size & operations of the company. • Recommending the members to approve the appointment. • Calling of EGM(to be held within 3 months from date of Board meeting). 5. Intimate the Auditor and file with ROC form ADT-1 within 15 days of EGM(since the appointment is not final until approval of members).
18 December 2014
Instances of casual vacancy are 1)Death 2)• Resignation 3) Disqualification – If an existing auditor gets disqualified under Section 141 then he shall inform the company and the situation will be treated as casual vacancy (Section 141(4)) & 4)Failure of ratification at AGM
18 December 2014
Instances of casual vacancy are 1)Death 2) Resignation 3) Disqualification – If an existing auditor gets disqualified under Section 141 then he shall inform the company and the situation will be treated as casual vacancy (Section 141(4)) & 4)Failure of ratification at AGM
18 December 2014
http://www.lawnotes.in/Section_139_of_Companies_Act,_2013 Please refer the link... I think EGM is not needed as per section 139 sub section 8.
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