Appointment of Auditor
This query is : Resolved
17 November 2009
What is the procedure of Appointment of Auditor in the case of resignation of previous(First) Auditor, When the Co. dose not held first AGM
17 November 2009
Only members in general meeting may fill up the casual vacancy caused by resignation of auditors
Where the casual vacancy is caused by resignation of an auditor, the Board cannot fill up the casual vacancy but place the matter before the company in the extraordinary general meeting for appointing an auditor in respect of the casual vacancy.
Casual auditors shall hold office till the conclusion of the next annual general meeting
The auditor appointed in a casual vacancy shall hold office till the conclusion of the next annual general meeting. If a casual vacancy arises, the remaining auditors if any, will continue to Act.
Where the casual vacancy is caused by resignation of an auditor, the Board cannot fill up the casual vacancy but place the matter before the company in the extraordinary general meeting for appointing an auditor in respect of the casual vacancy.
Casual auditors shall hold office till the conclusion of the next annual general meeting
The auditor appointed in a casual vacancy shall hold office till the conclusion of the next annual general meeting. If a casual vacancy arises, the remaining auditors if any, will continue to Act.
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