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Auditor appointment

This query is : Resolved 
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(Querist)
13 July 2012 the auditor was duly appointed by the company at the AGM duly held on 30/09/2011 for the FY 2011-2012.

the company somehow missed to intimate the auditors within 7 days of the AGM about their appointment as statutory auditors.

the company is intimating the auditor about his appointment on 01/07/2012.(at this date auditor can accept the appointment as it is within his limits)

Whether this is valid?

What are the consequences of the same?
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Ajay Mishra

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Ajay Mishra (Expert)
15 July 2012 Hi


Yes, you have not comply the provision of section 224 properly. I will suggest you to make correction of your default and issue notice of appointment and said our auditor to file Form-23B with late fee.
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