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).
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