Auditors appoinment
This query is : Open
04 January 2013
SIR,
ONE PVT LTD COMPANY INCORPORATED ON JANUARY 2012. THEY NOT APPOINTED THE AUDITOR TILL NOW. THEN WHAT WILL BE THE PROCEDURE TO BE ADOPTED TO APPOINT THE AUDITOR. IS IT FIRST AUDITOR APPOINMENT OR SUCCEEDING?
ONE PVT LTD COMPANY INCORPORATED ON JANUARY 2012. THEY NOT APPOINTED THE AUDITOR TILL NOW. THEN WHAT WILL BE THE PROCEDURE TO BE ADOPTED TO APPOINT THE AUDITOR. IS IT FIRST AUDITOR APPOINMENT OR SUCCEEDING?
04 January 2013
First year can be of 15 months. The first auditor be appointed accordingly for the period of jan 2012 to mar 2013.
04 January 2013
Hi
Appointment of first auditors
As per section 224(5), the first auditor or auditors of a company shall be appointed by the Board of
directors within one month of the date of registration of the company; and the auditor or auditors so appointed shall hold office until the conclusion of the first annual general meeting. Following provisions are related to the matter:
(i) Appointment of first auditors in general meeting.—A company in general meeting may appoint the first auditor or auditors if the Board of directors fails to exercise its power of appointment of first auditors within one month of the date of incorporation of the company.
(ii) Appointment of first auditors through Memorandum and Articles of Association.—The Institute of Chartered Accountants of India has expressed its opinion vide Compendium of Opinion Volume No. 1 that the appointment of first auditors through the Memorandum and Articles of Association of the newly floated private company is not a valid appointment.
(iii) Removal of first auditors.—The company may, at a general meeting, remove first auditor(s) or all
or any of such auditors and appoint in his or their places any other person or persons who have been nominated for appointment by any member of the company and of whose nomination notice has been given to the members of the company not less than fourteen days before the date of the meeting.
(iv) Tenure of office of the first auditor.—The first auditor(s) shall hold office until the conclusion of
the first annual general meeting of the company and then be eligible for re-appointment.
Appointment of first auditors
As per section 224(5), the first auditor or auditors of a company shall be appointed by the Board of
directors within one month of the date of registration of the company; and the auditor or auditors so appointed shall hold office until the conclusion of the first annual general meeting. Following provisions are related to the matter:
(i) Appointment of first auditors in general meeting.—A company in general meeting may appoint the first auditor or auditors if the Board of directors fails to exercise its power of appointment of first auditors within one month of the date of incorporation of the company.
(ii) Appointment of first auditors through Memorandum and Articles of Association.—The Institute of Chartered Accountants of India has expressed its opinion vide Compendium of Opinion Volume No. 1 that the appointment of first auditors through the Memorandum and Articles of Association of the newly floated private company is not a valid appointment.
(iii) Removal of first auditors.—The company may, at a general meeting, remove first auditor(s) or all
or any of such auditors and appoint in his or their places any other person or persons who have been nominated for appointment by any member of the company and of whose nomination notice has been given to the members of the company not less than fourteen days before the date of the meeting.
(iv) Tenure of office of the first auditor.—The first auditor(s) shall hold office until the conclusion of
the first annual general meeting of the company and then be eligible for re-appointment.
04 January 2013
Thank sir,
Then can i file 23B now, with the approval of board meeting on this matter?
Any other procedure required sir?
Then can i file 23B now, with the approval of board meeting on this matter?
Any other procedure required sir?
04 January 2013
Hi
Yes you can file Form-23B.
Procedure to file Form 23B (Appointment of Auditor)
1. The company will appoint an statutory auditor at general meeting/Board Meeting.
2. Send letter of appointment to auditor within seven days from the appointment.
3. The auditor give letter of acceptance as auditor to the company.
4. The auditor also intimate ROC in Form 23B within 30 days from the date of acceptance of letter of appointment.
5. Form 23B can be download from www.mca.gov.in
6. Letter of appointment will be attached with Form 23b.
7. The SRN no will be generated without any fee.
Yes you can file Form-23B.
Procedure to file Form 23B (Appointment of Auditor)
1. The company will appoint an statutory auditor at general meeting/Board Meeting.
2. Send letter of appointment to auditor within seven days from the appointment.
3. The auditor give letter of acceptance as auditor to the company.
4. The auditor also intimate ROC in Form 23B within 30 days from the date of acceptance of letter of appointment.
5. Form 23B can be download from www.mca.gov.in
6. Letter of appointment will be attached with Form 23b.
7. The SRN no will be generated without any fee.
30 January 2013
SIR,
CO. INCORPORATED ON 10/01/2012, THEN WHICH PERIOD OF ACCOUNT SHOULD BE MENTIONED IN 23B. PLEASE.......................
CO. INCORPORATED ON 10/01/2012, THEN WHICH PERIOD OF ACCOUNT SHOULD BE MENTIONED IN 23B. PLEASE.......................
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