Appointment of Director

This query is : Resolved

Life is a Race.....CA FINAL (Querist)
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24 December 2009 Hello,,

A pvt. ltd. company appoints a new director and resigns one of the existing director.

Now the existing director who resigns is a Chartered Accountant in practice.

Can he become the auditor of the pvt. ltd. company in which he resigns from the next day onwards? or if any time period is required for the same?

Ankur Garg

Ankur Garg (Expert)
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24 December 2009 Hi,

As per my understanding there is no legal problem in his appointment after his resignation as director.

However not sure about internal ICAI regulations. As per my advise he should this appointment keeping in view his independance.

Regards

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