Appointment of auditor
This query is : Resolved
28 July 2011
Hi All,
In a private limited Company , usually in the AGM the Auditor will be reappointed , and if the auditor resigns between the FY then another auditor will be appointed by an EGM.
My query is , if the auditor resigns before few weeks of the AGM and in the AGM no auditor is appointed Only the financials are approved by the members, what is the time limit within which the company should appoint an auditor. And can the company appoint another auditor in adjourned AGM or should it be done through an EGM.
In a private limited Company , usually in the AGM the Auditor will be reappointed , and if the auditor resigns between the FY then another auditor will be appointed by an EGM.
My query is , if the auditor resigns before few weeks of the AGM and in the AGM no auditor is appointed Only the financials are approved by the members, what is the time limit within which the company should appoint an auditor. And can the company appoint another auditor in adjourned AGM or should it be done through an EGM.
CA Ashwani Agarwal
(Expert)
28 July 2011
If the company fails to appoint an auditor in an AGM then the power to appoint auditor goes to the CG.
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