Appointment of First Audito

This query is : Resolved

Guest

Guest (Querist)

10 May 2010 Dear Sir

As per section 224(5) appointment of first auditor is to be done by Board Of Directors. <br> My question is that whether Board of Directors are required to pass resolution in Board Meeting or they can do so by Circulation of resolution also.

With Warm Regards.

Kunal Agrawal
+91-99295-03735
kunal.agrawal@icai.org

Ankur Garg

Ankur Garg (Expert)
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10 May 2010 No my friend circular resolution is strictly not allowed in the case of section 224(5).

You have to hold a BM to appoint first auditor.

To download the first board meeting minutes use the link below:

https://www.caclubindia.com/forum/download-corporate-law-professional-files-70021.asp

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