Appointment as auditor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2012
I have been the statutory auditor of Private limited company since 2008 can continue as statutory audtitor or rotation applicable
Ajay Mishra
(Expert)
27 December 2012
Hi
As per the Companies Act, 1956 you are eligible to appoint as statutory auditor because rotation policy is not applicable under the Companies Act, 1956.
In new Companies Bill, for auditor, a new rotation policy is introduced. But the Bill is not applicable until it is approved by Parliament. So wait and watch when new Bill was passed by Rajya Shabha.
As per the Companies Act, 1956 you are eligible to appoint as statutory auditor because rotation policy is not applicable under the Companies Act, 1956.
In new Companies Bill, for auditor, a new rotation policy is introduced. But the Bill is not applicable until it is approved by Parliament. So wait and watch when new Bill was passed by Rajya Shabha.
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