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Auditor appointment

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(Querist)
12 March 2014 What is the consequence if the company intimates the auditor of his appointment late i.e; a company is to intimate the auditor within seven days of appointment but has failed to do so?
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Amol S Joglekar

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Amol S Joglekar (Expert)
12 March 2014 Auditor has to inform the ROC about his/her appointment. For the fault of Company, s/he should not be put into trouble.....Take a fresh meeting...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 March 2014 Company can be penalized u/s 629A of the Companies Act,1956.
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