Appointment of internal auditors through circular resolution
This query is : Resolved
11 September 2014
Dear All Experts,
Can an Internal Auditor be appointed by passing a circular Resolution as per the Companies Act, 2013?
Please also provide some reference in this regards.
An early reply is highly appreciated.
Thanks
Can an Internal Auditor be appointed by passing a circular Resolution as per the Companies Act, 2013?
Please also provide some reference in this regards.
An early reply is highly appreciated.
Thanks
11 September 2014
No.
Section 179(3)(k)read with rule 8(4) of Companies (Meetings of Board and its Powers)Rules, 2014 prescribes certain matters which shall be exercised, on behalf of the company, by the Board of Directors, only by means of resolutions passed at meetings of the Board which include appointment of internal auditor
Section 179(3)(k)read with rule 8(4) of Companies (Meetings of Board and its Powers)Rules, 2014 prescribes certain matters which shall be exercised, on behalf of the company, by the Board of Directors, only by means of resolutions passed at meetings of the Board which include appointment of internal auditor
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