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ATTENDANCE OF BOARD MEETING

Devendra (Chartered Accountant) (4775 Points)

01 November 2010

IS IT COMPULSORY FOR THE AUDITOR TO ATTEND THE BOARD MEETING ?

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4 Replies

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 01 November 2010

I i think if its related to financial matter, then it may be compulsory for auditors.

But not sure. Lets Senior to comment for the same

Ajay Mishra (Company Secretary) (74332 Points)
Replied 02 November 2010

It is not compulsory for auditor to attend the Board Meeting of the Company.

Regards

swapnil (CA Final) (598 Points)
Replied 02 November 2010

auditors is not compalsory 2 attain board meeting,

but auditor has an right to received a notice regarding general meeting, board meeting and EGM.

So, to attain board meeting has a right of the audito, and not a duty of auditor so, auditors is not compalsory 2 attain board meeting,

thanks 4 sharing with us, and best of luck,

Shobhit (Associate) (75 Points)
Replied 02 November 2010

@ Swapnil: Agree to some extent,

But in my opinion, as far as statutory auditor is concerned, he is not concerned with the Board meeting. And i don think he has a right to receive Notice of a Board meeting, right is limited to receiving notices of General meeting and Aduti Committee meeting.

He is mainly concerned with the general meeting of the Company and the Audit Committee Meeting and to that extent agree with wat u've said.

Pl. correct me if m wrong somewhere.

Regards,

Shobhit