Appointment of auditors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2015
Sir/Madam
How to appoint new auditors on agm? Retiring auditors want to resign from the statuory auditors of the Company, he had sign the balance sheet of March, 2014 but does not want to continue his post. So how can i appoint new auditor on agm ?
How to appoint new auditors on agm? Retiring auditors want to resign from the statuory auditors of the Company, he had sign the balance sheet of March, 2014 but does not want to continue his post. So how can i appoint new auditor on agm ?
14 January 2015
Procedure – where casual vacancy arises due to resignation of existing auditor
1. Intimate the proposed auditor(s) regarding the intention of appointing him/it as auditor and ask whether he/ it is eligible and not disqualified to be appointed as auditor of the company.
2. Obtain consent & certificate from auditor.
3. If Audit Committee required to be constituted under section 177, then obtain its recommendation (Section 139(11)).
4. Call Board meeting for the purpose of following:-
Appointment of auditor in casual vacancy.
Considering that the qualification & experience are commensurate with the size & operations of the company.
Recommending the members to approve the appointment.
Calling of EGM(to be held within 3 months from date of Board meeting).
5. Intimate the Auditor and file with ROC form ADT-1(to be attached in form GNL-2 as per MCA circular 09/2014 dated 25th April, 2014) within 15 days of EGM(since the appointment is not final until approval of members).
1. Intimate the proposed auditor(s) regarding the intention of appointing him/it as auditor and ask whether he/ it is eligible and not disqualified to be appointed as auditor of the company.
2. Obtain consent & certificate from auditor.
3. If Audit Committee required to be constituted under section 177, then obtain its recommendation (Section 139(11)).
4. Call Board meeting for the purpose of following:-
Appointment of auditor in casual vacancy.
Considering that the qualification & experience are commensurate with the size & operations of the company.
Recommending the members to approve the appointment.
Calling of EGM(to be held within 3 months from date of Board meeting).
5. Intimate the Auditor and file with ROC form ADT-1(to be attached in form GNL-2 as per MCA circular 09/2014 dated 25th April, 2014) within 15 days of EGM(since the appointment is not final until approval of members).
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