Appointment of Auditor
This query is : Resolved
CA Huzefa Hamid
(Querist)
06 October 2010
Sir,
I want to know that who will appoint the First Auditor of the Company when Board of Directors & Also the share holders of the company fails to appoint the First Auditor of Company in their General Meeting.
I am asking this question because Central Govt. has power to appoint the Auditor in case where Company fails to appoint the Auditor in Annual General Meeting,
& in the above case company fails to appoint the first auditor in their General Meeting not in the Annual General Meeting.
I want to know that who will appoint the First Auditor of the Company when Board of Directors & Also the share holders of the company fails to appoint the First Auditor of Company in their General Meeting.
I am asking this question because Central Govt. has power to appoint the Auditor in case where Company fails to appoint the Auditor in Annual General Meeting,
& in the above case company fails to appoint the first auditor in their General Meeting not in the Annual General Meeting.
Ajay Mishra
(Expert)
06 October 2010
Dear Mr. Huzefa
In case of appointment of first auditor, the Board of Director has power to appoint first auditor and he will continue as auditor up to the AGM or until the new director is appointed in General Meeting.
Section 224(3) give power to CG to appoint auditor in case the company has not appointed auditor in BM or in general meeting.
There is no need to appoint first auditor in general meeting, you can appoint them at Board Meeting.
Regards
In case of appointment of first auditor, the Board of Director has power to appoint first auditor and he will continue as auditor up to the AGM or until the new director is appointed in General Meeting.
Section 224(3) give power to CG to appoint auditor in case the company has not appointed auditor in BM or in general meeting.
There is no need to appoint first auditor in general meeting, you can appoint them at Board Meeting.
Regards
Ankur Garg
(Expert)
06 October 2010
You have to take the route of section 224(3) as suggested by expert.
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
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Import of Software Service.
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capitalgain tax purposes for valuation report compulsory
- TAX AUDIT ON PROFESSIONAL INCOME
- 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
- How to pay remaining amount of TDS after due date?
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
