Change of statutory auditor
This query is : Resolved
Pooja Mody
(Querist)
20 October 2010
Procedure to change statutory auditor of a private limited company
CA Sanat Pyne
(Expert)
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- TDS- 2026-27 Q1 Correction
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
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
