Auditor appointment


This query is : Resolved 

(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?

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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