change of Auditor

This query is : Resolved

Parashar (Querist)
Follow

21 July 2011 Hi all

one of the joint auditors resigns from the auditorship and creating casual vaccancy, now question is that is it necessary to fill the casual vaccancy in general meeting or the company can continue with the existing auditors by resolving in the Board that the company can go ahead with the single auditors.

kindly suggest.

anil

anil (Expert)
Follow

21 July 2011 No it is necessary to fill casual vaccancy in general meeting

Parashar

Parashar (Querist)
Follow

21 July 2011 Thanks for such a prompt reply.

But can u support your answer by quoting sectins and/or decided case laws.

RG - A Helping Hand

RG - A Helping Hand (Expert)
Follow

21 July 2011 Kindly refer section 224(6) of companies act, 1956 which says:

(6) (a) The Board may fill any casual vacancy in the office of an auditor; but while any such vacancy continues, the remaining auditor or auditors, if any, may act:

Provided where such vacancy is caused by the resignation of an auditor, the vacancy shall only be filled by the company in general meeting.

So while any such vacancy continues, the remaining auditor or auditors, if any, may act.

Regards

Message likes : 1 times

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

21 July 2011 I agree with the experts

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
Follow

21 July 2011 casual vaccancy need not to be fill in general meeting. casual vaccancy can be fill in board meeting if it is not due to resignation.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

K.M. AGGARWAL

C G K MURTHY

Ishwar Radhakisan Tawani

Vinod Dharwarkar

manojkumarkk

Subscribe Now

change of Auditor

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Manager- Finance and Compliance

Accountant

Article Assistant

GST CONSULTANT

GST CONSULTANCY