Auditor appointment

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This query is : Resolved

Gourav (Querist)
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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

Ajay Mishra (Expert)
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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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