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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- UDIN ISSUE
- GST ISSUE OF INPUT AND OUTPUT GST
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Salary from Qatar in Dollars in India
- Change Of Karta In Case of Death
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
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
