Auditor appointment for more than 1 year
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
Dear All Experts,
Can Company appoint auditor in a single meeting for a period of say 2 years? or 3 years? i.e. more than one year under existing law?
because there is new provision in companies bill 2012, about appointment of auditor. i.e. company can appoint auditor for 6 yrs. in a single meeting.
Please guide.
Thanking in advance.
Can Company appoint auditor in a single meeting for a period of say 2 years? or 3 years? i.e. more than one year under existing law?
because there is new provision in companies bill 2012, about appointment of auditor. i.e. company can appoint auditor for 6 yrs. in a single meeting.
Please guide.
Thanking in advance.
Ajay Mishra
(Expert)
29 April 2013
Hi
No, you can not appoint a statutory auditor for more than one financial year.
The New Companies Bill is not an Act, it is not in force, so we are not in a position to comment thereon.
No, you can not appoint a statutory auditor for more than one financial year.
The New Companies Bill is not an Act, it is not in force, so we are not in a position to comment thereon.
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