Legal Aspects for Appointment of subsequent Statutory Auditors and filling of Casual Vacancy in a Private Limited Company and Procedure

Harsh Jain | Last updated: 14 March 2024

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This article details the legal framework and practical steps for appointing subsequent statutory auditors and addressing casual vacancies in private limited companies, as per the Companies Act, 2013. It clarifies the distinction between first and subsequent auditors, outlines the appointment process, and explains the mandatory rotation of auditors for certain companies.

Table of Contents Introduction Subsequent Auditor Statutory Framework Governing Appointment of Auditors under the Companies Act, 2013 Distinction between First Statutory Auditor and Subsequent Statutory Auditor Statutory Provisions Governing Appointment of Subsequent Statutory Auditors of the Company Mandatory Rotation of Auditors Procedure for Appointment of Subsequent Statutory Auditor in a Private Limited Company Introduction This article is in continuation

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About the Author

Harsh Jain

Junior Associate

I am a Law graduate from Dr. Bhimrao Ambedkar University, Agra and pursuing CS. Currently, I am working as Junior Associate with Sarvaank Associates LLP. I am dealing in with Secretarial and Labor documentation, due diligence activities and drafting of minutes, resolutions, filing forms etc. Further, assisting and r ... Read more

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