Appointment of auditor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2014
A public limited co incorporated in Dec2013,has appointed its first Auditor in the SLP filed with the ROC.If the Auditor wants to resign before the co. holds its first AGM,can he do so?What is the procedure?
A public limited co incorporated in Dec2013,has appointed its first Auditor in the SLP filed with the ROC.If the Auditor wants to resign before the co. holds its first AGM,can he do so?What is the procedure?
CS Mitesh Mehta
(Expert)
05 August 2014
yes.
CASUAL VACANCY IN THE OFFICE OF AUDITOR Section 139 (8)
In case casual vacancy has occurred due to resignation of auditor, such appointment should be approved by the company in general meeting convened within 3 months of
the recommendation of the Board and auditor shall hold the office till the conclusion of the next annual general
meeting.
PROCEDURE
1. Convene a board meeting and
(1)pass a resolution to accept the resignation of auditor & fill the casual vacancy by appointment of new auditor (2) To call EGM
2. Convene a general meeting within 3 months and pass an ordinary resolution to fill the casual vacancy.
3. when an auditor has resigned from the
company, he shall file Form ADT-3 through GLN-2 with ROC within 30 days from the date of resignation.
4. On appointment of auditor to fill casual vacancy , Company shall inform the auditor concerned of his or its appointment and also file Form ADT-1 through e-form GLN- 2 within 15 days of the meeting in which the auditor is appointed.
CASUAL VACANCY IN THE OFFICE OF AUDITOR Section 139 (8)
In case casual vacancy has occurred due to resignation of auditor, such appointment should be approved by the company in general meeting convened within 3 months of
the recommendation of the Board and auditor shall hold the office till the conclusion of the next annual general
meeting.
PROCEDURE
1. Convene a board meeting and
(1)pass a resolution to accept the resignation of auditor & fill the casual vacancy by appointment of new auditor (2) To call EGM
2. Convene a general meeting within 3 months and pass an ordinary resolution to fill the casual vacancy.
3. when an auditor has resigned from the
company, he shall file Form ADT-3 through GLN-2 with ROC within 30 days from the date of resignation.
4. On appointment of auditor to fill casual vacancy , Company shall inform the auditor concerned of his or its appointment and also file Form ADT-1 through e-form GLN- 2 within 15 days of the meeting in which the auditor is appointed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Oct 2025 Invoices
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
