Appointment of Statutory Auditors by Pvt Ltd

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Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2010 What are the formalities to be complied with by the Auditors after appointment by the Boards at the AGM of PVT Ltd with the ROC ?

What are the terms and additional information to be contained in Appointment letter issued by the Board ?

Pls help me. my E-mail : bikassaha_fca@rediffmail.com

Thanks,
BIKAS

Ankur Garg

Ankur Garg (Expert)
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19 April 2010 For Resolutions, Notices, letters related with Statutory Auditor kindly check the link mentioned below:

https://www.caclubindia.com/articles/resolutions-notices-letters-related-with-statutory-auditor-2928.asp

Ankur Garg

Ankur Garg (Expert)
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19 April 2010 Intimation as to appointment

A company is required to give intimation of appointment to every auditor(s) so appointed within seven days of the appointment as desired by section 224(1). The intimation may be given in form of a letter on the letter head of the company by a responsible officer of the company.

Obligation on the auditor to give intimation to the Registrar

Every auditor appointed under section 224(1) by a company in annual general meeting shall inform the Registrar in writing that he has accepted, or refused to accept the appointment [Section 224(1B)]. The information shall be given in e-Form 23B within a period of thirty days from the date of appointment in the AGM.

Written certificate from auditor regarding eligibility must be obtained

The company shall, before making any appointment or re-appointment of auditor(s) at any annual general meeting, obtain a written certificate to the effect that the appointment or re-appointment, if made, shall be in accordance with the limits specified in section 224(1B) of the Act. A company or its Board of directors shall not appoint or re-appoint any person who is in full time employment elsewhere or firm as its auditor, if such person or firm is, at the date of such appointment or re-appointment, holding appointment as auditor of the specified number of companies or more than the specified number of companies. [Section 224(1B)].

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