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
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
(Expert)
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
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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