Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Appoitment of auditor

237 views 5 replies

deepakshi jain

intern

65 Points Joined January 2016

Dear All, what to do if i want to change the auditor of the company before expiry of term of previous auditor. what are the available options can i do so in agm by not ratifying the appointment of previous auditor instead appointing the new one

Replies (5)

Guest

for removal Auditor before expiry of his term and appoint new Auditor.... see section 140.... yes uh cannot ratify him and appoint new one

deepakshi jain

intern

65 Points Joined January 2016

Dear Sir,

i have appointed the first auditor in board meeting . but now before first agm i want to chnge my auditor .how i can change the same

Pratik Shah

Practising Company Secretary

4432 Points Joined October 2014

Do you want First Auditor to do Audit of First Financial Year??

deepakshi jain

intern

65 Points Joined January 2016

No i do not want basically i want to change the auditor in the company !!! how could it can be don or what are the possible solutions ???

Pratik Shah

Practising Company Secretary

4432 Points Joined October 2014

If First Auditor is not signing the Balance sheet of First Financial Year and you want new Auditor to sign it, you should take resignatiuon from First Auditor. If agrees to give resignation, then Company can appoint an Auditor in EGM within 3 months from the date of recomendation by board. (Section 139(8)(i)).

If he does not agree to give resignation, then Company has an option to remove Auditor pursuant to Section 140.

Please refer the provisions.