Auditor appointment

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This query is : Resolved

vaishali singh (Querist)

22 January 2018 Does the appointment of auditor would be for a term of five years as per new companies amendment act 2017 and all the previous appointments made would continue with ratification?

CA Suresh Jain

CA Suresh Jain (Expert)

22 January 2018 Since first proviso of the section 139 is omitted and therefore after the date when the amendments are notified to be effective, ratification of appointed annually shall not be required

vaishali singh

vaishali singh (Querist)

22 January 2018 Appointment of auditor will be made annually?

CA Suresh Jain

CA Suresh Jain (Expert)

22 January 2018 No, it shall be for 5 years

vaishali singh

vaishali singh (Querist)

22 January 2018 Ok thank u sir

vaishali singh

vaishali singh (Querist)

22 January 2018 Thank you sir.

vaishali singh

vaishali singh (Querist)

22 January 2018 But i got another que as the appointment of auditor is part of the ordinary business,sir how the compliance of section 101 be complied with

vaishali singh

vaishali singh (Querist)

22 January 2018 Sorry section 102

CA Suresh Jain

CA Suresh Jain (Expert)

23 January 2018 Section 102 simply say that the "appointment of auditor" shall not be deemed to be a special business, it is does not say that this resolution should be passed compulsorily

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