Casual vacancy created by resignation of statutory auditor
If the Statutory Auditor of the Company has resigned during the year and a casual vacancy is created then in how much time new Auditors can be appointed by the Company???
What is the Time limit to appoint them ???
You should appoint the new statutory auditory auditor before the end of financial year for which new auditor will audit the accounts of the company, because for new financial year the statutory auditor will again reappoint in upcoming AGM.
So you will appoint new auditor from the date of resignation of auditor and he will hold its post till the date of AGM
Procedure to Appoint of Auditor and file Form 23B (Appointment of Auditor)
1. The Company will call a Board Meeting after resignation of auditor to accept resignation of old auditor, fill a casual vacancy by new auditor and call a general meeting.
2.The company will appoint new statutory auditor at general meeting
3.Send letter of appointment to auditor within seven days from the appointment.
4. The auditor give letter of acceptance as auditor to the company and send a copy of the same to the old auditor of his appointment.
5. The auditor also intimate ROC in Form 23B within 30 days from the date of acceptance of letter of appointment.
6. Form 23B can be download from www.mca.gov.in
7. Letter of appointment will be attached with Form 23b.
8. The SRN no will be generated with fee.
in my case statutory auditor has resigned in november.. now company has to appoint a new auditor in egm..is there any limitation that a company has to appoint new auditor within one month of resignation???
when should we appoint auditor if earler one has resigned in November?
No, there is no such restriction of one months.
You call a general meeting in December and appoint auditor in accordance with above mentioned procedure.
I want to appoint him for the FY 2012-13
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