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Appointment of auditors

This query is : Resolved 
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(Querist)
06 August 2012 If a subsequent auditor is
removed at a meeting other than AGM (i.e EGM), what is procedure for
appointment of auditor at that meeting? If the appointment is not made, can
Central govt. appoint an auditor at a meeting
which is not an AGM? Please reply Sir.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
06 August 2012 The vacancy arising due to removal of the Auditor at EGM must be filled by the Board of Directors of the Company as a Casual Vacancy.

It is only where an auditor is not appointed/re-appointed at an AGM, Central Govt can appoint an auditor.
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Siddharth Gupta

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Siddharth Gupta (Querist)
06 August 2012 Thank you very much sir.
A few more queries...
What is time limit for doing so?
What is the time limit for holding general meeting for appointment of first auditors if board of directors fail to appoint one within 30 days?
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Kaushik Vinod

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Kaushik Vinod (Expert)
07 August 2012 Dear Sidharth,

The Act has not given time but it should be after the time limit of directors expired.


Thanks
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Siddharth Gupta

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Siddharth Gupta (Querist)
07 August 2012 Thank you Sir for your valuable support.
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