Can a First Auditor be removed and another Auditor be appointed in Statutory Meeting of a Ltd Co.. If yes pls tell the procedure.
B M TUPARE (Assistant) (37 Points)
27 January 2011Can a First Auditor be removed and another Auditor be appointed in Statutory Meeting of a Ltd Co.. If yes pls tell the procedure.
nidhigoel89
(Company Secretary )
(594 Points)
Replied 27 January 2011
Hello!
Yes, its very much possible.....Have to pass a resolution in GM for the appointment of new auditor and inform about the resignation of prior auditor.
Regards
Nidhi
cs ashwini kumar
(Company Secretary in Practice)
(173 Points)
Replied 27 January 2011
The Company may remove First Auditors, if appointed by the Board of Directors, at a general meeting (including statutory) and appoint in his/their places any other person(s) in compliance of prosions of Section 224(5) read with section 165 of the Companies Act, 1956 as statutory auditors of the Company.
Best Regards
CS Ashwini Kumar
CAclubindia
