Appointment of first auditor

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Querist : Anonymous (Querist)
01 July 2013 A company incorporated on 30/05/2012 and held its board meeting on same day and appoint its first auditor but intimate auditor about the appointment on 25/06/13(approx after 1 year)and auditor file form 23b on 28/06/13. then there is any penalty for company for not intimate about its appointment within 7 days of board meeting

01 July 2013 Hi

The penalty is not defined for this, but yes it should be intimated with in 7 days from the date of appointment.

The auditor can ignore the appointment and take reimbursement for any expenses incurred by them.


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