Appointment of auditor u/s224

Save Share

This query is : Resolved

Priya Sharma (Querist)
Follow

13 October 2010 What is the procedure for the appointment of a statutory auditor in a Private Company??The auditors are to be re appointed at AGM.

Regards

Priya

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

13 October 2010 The reappointment of auditors at the AGM is one of the items of ordinary business to be transacted at such a meeting. However, a retiring auditor shall not be reappointed in the four situations mentioned in section 224(2) of the Companies Act,1956.

Ankur Garg

Ankur Garg (Expert)
Follow

13 October 2010 Agree with sir...

Simply pass an ordinary resolution for the appointment of statutory auditor in the AGM.

Do not forget to collect certificate from auditor mentioned u/s 224(1B).

Regards

Priya Sharma

Priya Sharma (Querist)
Follow

13 October 2010 Dear Sirs

Please correct me, if I am wrong;

Step 1:an intimation letter has to be given to the statutory auditors of the company, telling that they have been proposed to be re-appointed as the statutory auditors, WELL BEFORE THE DATE FIXED FOR AGM.

Step 2:The auditors will send the confirmation letter, confirming their willingness to be re-appointed as per sec 2241B.

Step 3:The company will then pass an ordinary resolution in the AGM and also give him the appointment letter at the time of AGM or later, but not before AGM.

Step 4:Then the auditors will be required to file form 23B with ROC within 30 days of the receipt of the appointment letter from the Company

Regards

Priya Sharma

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

13 October 2010 It is O.K.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now