A auditor gets appointed at the AGM & he has to accept such appointment. What happens if he refuses such appointment? Who is responsible then for appointing the auditor ?

Xyz & Assocites , a chartered accountants firm has been appointed as
an statutory auditor of Abc ltd. at the Annual General Meeting for the
financial year 2009_10 which is held on 30/06/2010. The partner of the
ca's firm "X" was indebted to the company of Rs. 10000/- at the
begining of the year i.e. 1/4/2010. By hearing of notice of the
appointment "X" pays off his all liabilities as on 15/06/2010. Examine
whether the appointment of xyz & associates is valid.

hello sir,

I have a query of whether it is auditable u/s 44AB or not.

In one of the case, a party is selling Fruits on commission basis, in which purchasing from many parties & selling onbehalf of them on commission basis.
But that party is receiveing cheque sometime from retail sale also in his name & then he just issue in the name of creditor( from whom he is purchaseing), after deducting his commission from that amt. && The Purchase bill clearly shows the amt of commssion of that party.

& books clearly shows same amt of commission's purchase = Commission Sales .

Sir, please kindly, help me out with proper explanation, is it liable to Audit or not in case where after adding commission's sales its may goes more than 5 crores. orelse just 10 to 12 lacs.

thanking You in Advance.

& happy Diwali & New year to all.

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