appointment of auditor


This query is : Open 

12 December 2010 As we know when auditor is appointed u/sec 224(1) in AGM then within 7 days Co. has to inform the auditor.But if Co.delayed in informing the auditor then what will be the consequence..??..
thanx in advance...

12 December 2010 As per me, such appointment will not b considered as valid one, so central govt will thereafter appoint the auditor.... Because, as per me, i dont think any director or secretary will be penalised for their default..... But anywz, let other experts reply tooo....


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