Auditor appointment
This query is : Resolved
Leena Skariah
(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?
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...
12 March 2014
Company can be penalized u/s 629A of the Companies Act,1956.
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