Appointment of statutory auditor in case of new company

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Querist : Anonymous

Querist : Anonymous (Querist)

02 October 2013 Dear sir,
I want to know the all procedures from incorporation of the company till appointment of First Auditor, and Statutory Meeting.

1)What is the Due date criteria for First Board Meeting and Appointment of Auditor in case of Newly Incorporated Company.
Suppose XYZ PVT LTD is Incorporated on 16/15/2012.
2) Which Forms are to be filled with ROC regarding this?

Thanks

Ajay Mishra

Ajay Mishra (Expert)
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02 October 2013 Take the following example:

Date of Incorporation is 23.05.2011

Event: (Period from 23.05.2011 to 31.03.2012)

1. First Board Meeting with in 22.06.2011 for approving first agenda items
2. Appointment of Auditor, Fixing Financial year, issuing shares certificates to first subscribers;
3. File Form-23B for appointment of First Auditor for the fist financial year start from 23.05.2011 to 31.03.2012.
4. Hold first AGM till 31.12.2012
5. File Form-23AC & ACA within 30 days from the date of first AGM with additional fee.
6. File again Form-23B for the next financial year 2012-13 with additional fee.
7. File Form-20B with details of shareholders from date of incorporation till date of AGM.
Period from 01.04.2012 to 31.03.2013:

1. Call a Board meeting for adoptions of Balance sheet & profit and loss account for the FY 2012-13
2. Hold first AGM till 30.09.2013
3. File Form-23AC & ACA within 30 days from the date of AGM with additional fee.
4. File again Form-23B for the next financial year 2013-14 with additional fee.
5. File Form-20B with details of shareholders from date of last AGM till date of AGM.
Please ensure that you are holding board meeting in per quarter from the date of incorporation to till date.

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