Change of statutory auditor
This query is : Resolved
08 July 2013
We want to change the statutory auditor for Financial Year 2013-14 in the AGM to be held on 1st August,2013.
Is the new auditor eligible to do the audit for the quarter ended 30.6.2013 and issue the limited review report.
Further what will the procedure of the appointment of new auditor if his appointment is confirmed in the board subject to approval in AGM.
Kindly advise.
Is the new auditor eligible to do the audit for the quarter ended 30.6.2013 and issue the limited review report.
Further what will the procedure of the appointment of new auditor if his appointment is confirmed in the board subject to approval in AGM.
Kindly advise.
08 July 2013
Please check what your last appointment of auditor resolution says the period for which they were appointed. The last auditor will be held office till the date of AGM (01.08.2013).
As per section 225 of the Companies Act, 1956:
A special notice of a resolution to be moved at an annual general meeting for appointing an auditor other than the retiring auditor or removing of an existing auditor is given to the company in the manner as prescribed under the Act.
As per section 225 of the Companies Act, 1956:
A special notice of a resolution to be moved at an annual general meeting for appointing an auditor other than the retiring auditor or removing of an existing auditor is given to the company in the manner as prescribed under the Act.
08 July 2013
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.
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.
08 July 2013
The new auditor will be eligible only for doing audit for those quarters which comes after his valid appointment as stated above.
08 July 2013
Further the new auditor needs to check the aplicability of sec 224(IB)-ceiling for audits and also needs to intimate the prev auditor of his appointment.
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