Change of statutory auditor
This query is : Resolved
20 October 2010
Procedure to change statutory auditor of a private limited company
20 October 2010
If a private company wants to remove an existing auditor and appoint a new
audit the following procedure will need to be followed.
1. Members by ordinary resolution after giving special notice can
remove an auditor (section 510).
2. The company must give the existing auditor special notice of the
meeting for resolution removing auditor from office (section 511).
3. If the existing auditor wants to make representations the company
must send these to every member of the company (unless the
company applies to the court not to do so).
4. Where a resolution removing auditor from office is passed under
section 510, the company must give notice of that fact to the
registrar within 14 days.
5. The auditor who has been removed from office has the right to
attend, make representations to and be heard at the general
meeting of the company at which his term of office would
otherwise have expired or at which it is proposed to fill the
vacancy caused by his removal (section 513).
audit the following procedure will need to be followed.
1. Members by ordinary resolution after giving special notice can
remove an auditor (section 510).
2. The company must give the existing auditor special notice of the
meeting for resolution removing auditor from office (section 511).
3. If the existing auditor wants to make representations the company
must send these to every member of the company (unless the
company applies to the court not to do so).
4. Where a resolution removing auditor from office is passed under
section 510, the company must give notice of that fact to the
registrar within 14 days.
5. The auditor who has been removed from office has the right to
attend, make representations to and be heard at the general
meeting of the company at which his term of office would
otherwise have expired or at which it is proposed to fill the
vacancy caused by his removal (section 513).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
