Checklist for Appointment of Statutory Auditors’ in the New Scenario
|
Step |
What to do |
Deadline |
|
1. |
Send notice of Annual General Meeting along with Annual Report for the Financial Year ending. |
21 clear days before the date of AGM |
|
2. |
Obtain their written Certificate that they are not disqualified and their appointment as the Statutory Auditors of the Company shall be within the limits prescribed under section 224(1B) of the Companies Act, 1956. |
Before the date of AGM |
|
3. |
Appoint or Reappoint the Auditors |
Date of AGM |
|
4. |
Inform the Auditors about their appointment. |
Within 7 days from the date of AGM |
|
5. |
Auditors will intimate their acceptance or refusal to acceptance to RoC in form no. 23B. |
Within 30 days from the receipt of intimation of appointment from the company* |
*But practically this form is required to be filed before filing of Form 23AC and the deadline for filing of Form 23AC is ‘within 30 days from the date of AGM. Thus, Form 23B being required to be filed before from 23AC, auditors must file the form within 30 days from the date of AGM, not from the date of receipt of intimation from the company for their appointment.
CS Devendra K Sharma
CAclubindia
