Compnay auditor
This query is : Resolved
Guest
Guest
(Querist)
29 March 2012
When does it become necessary to appoint an Auditor under the Companies Act 1956.
Ajay Mishra
(Expert)
29 March 2012
Hi
With in one month of registration of company, it is required for company to have a an auditor.
Section 224(1) of the Companies Act says that the Company must appoint an auditor at each annual general meeting to hold office from the conclusion of that meeting until the conclusion of next AGM.
Section 224(5) of the Companies Act, says that the company must appoint first auditor with in one month from the date of incorporation of the company.
Regards
Hi
With in one month of registration of company, it is required for company to have a an auditor.
Section 224(1) of the Companies Act says that the Company must appoint an auditor at each annual general meeting to hold office from the conclusion of that meeting until the conclusion of next AGM.
Section 224(5) of the Companies Act, says that the company must appoint first auditor with in one month from the date of incorporation of the company.
Regards
Guest
Guest
(Querist)
29 March 2012
Thank You for your reply
What about Pvt Ltd Company Sir???
What about Pvt Ltd Company Sir???
Ajay Mishra
(Expert)
29 March 2012
Hi
This section 224 of the Companies Act, 1956 will apply on both public as well as private limited company.
This section 224 of the Companies Act, 1956 will apply on both public as well as private limited company.
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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
