Appointment of auditor
This query is : Resolved
07 January 2012
Dear All,
A PVT LTD COMPANY HAS APPINTED ITS PREVIOUS AUDITOR AS ITS AUDITOR IN AGM FOR F.Y.11-12. AND AUDITOR HAS ALSO ACCEPTED THE APPOINTMENT.
NOW THE BOARD WANTS TO APPOINT ANOTHER AUDITOR. WHAT IS THE PROCEDURE TO BE FOLLOWED? WILL THIS BE POSSIBLE?
THANKS IN ADVANCE FOR EARLY REPLY.
A PVT LTD COMPANY HAS APPINTED ITS PREVIOUS AUDITOR AS ITS AUDITOR IN AGM FOR F.Y.11-12. AND AUDITOR HAS ALSO ACCEPTED THE APPOINTMENT.
NOW THE BOARD WANTS TO APPOINT ANOTHER AUDITOR. WHAT IS THE PROCEDURE TO BE FOLLOWED? WILL THIS BE POSSIBLE?
THANKS IN ADVANCE FOR EARLY REPLY.
08 January 2012
Once, auditor is appointed in AGM, then he cannot be removed until next AGM.
The auditor himself, can vacate the office, due to resignation or any other reason like death or insolvency. In case of vacation of office, other than by resignation, the new auditor can be appointed by BOD. In case of vacation of office by resignation, the new auditor has to be appointed by shareholder in Extra ordinary general meeting.
The auditor himself, can vacate the office, due to resignation or any other reason like death or insolvency. In case of vacation of office, other than by resignation, the new auditor can be appointed by BOD. In case of vacation of office by resignation, the new auditor has to be appointed by shareholder in Extra ordinary general meeting.
08 January 2012
PLEASE SUGGEST IF ANY PRACTICAL WAY OUT IS POSSIBLE?.I HAVE SEEN SOME COMPANIES IN WHICH AUDITOR IS REMOVED AFTER HE IS APPOINTED IN AGM.
08 January 2012
PLEASE SUGGEST IF ANY PRACTICAL WAY OUT IS POSSIBLE?.I HAVE SEEN SOME COMPANIES IN WHICH AUDITOR IS REMOVED AFTER HE IS APPOINTED IN AGM.
09 January 2012
In addition to Sachin reply, a auditor appinted in AGM can also be removed by the company in EGM provided central Govt permission has been obtained in this regard.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
