Appointment of auditor

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sanish p balan (Querist)
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07 October 2014 Sir,

If a Private Limited company incorporated on January, 2013 and not started their business. Then whether this company is required to appoint Auditor and get their books of Accounts audited??

Thanks & Regards,
Sanish P Balan.

Ankur Garg

Ankur Garg (Expert)
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07 October 2014 In Jan 2013, Companies Act 1956 was in force so your first FY would be from Jan 2013 to march 2014. You should have appointed first auditor within 30 days of incorporation and that first auditor will audit your books of accounts for year ended march 2014. Appointment of auditor is must even if company has not started business.

Revert if there is any doubt.
Thanks

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