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Circular resolution

soumya mandala (accountant) (69 Points)

07 May 2015

can auditor be appointed through circular resolution by board.

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4 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 10 May 2015

Board has power to appoint first auditor or to fill casual vacancy. It can be done by circulation.

soumya mandala (accountant) (69 Points)
Replied 10 May 2015

Yes I am aware of that. But we are appointing new auditors in place of retiring firm by rotation of 5 years. And reappointment of existing one. Still it is valid?

soumya mandala (accountant) (69 Points)
Replied 10 May 2015

And as per companies(meetings of board and it's powers) rules8 2014 auditor can be appointed at a duly convened meeting only.

soumya mandala (accountant) (69 Points)
Replied 10 May 2015

Yes I am aware of that. But we are appointing new auditors in place of retiring firm by rotation of 5 years. And reappointment of existing one. Still it is valid?