1) What type of resolution is required to be passed at the EGM to appoint auditor in place of the resigning auditor.
2) What is the notice period for holding of such EGM.
3) Sample of notice for holding EGM and resignation of auditor.
4) If auditor resign on 7-7-09 and AGM is to be held on 30-9-09, then for what time period the new auditor should hold office- Till the conclusion of AGM on 30-9-09 or till the conclusion of next AGM.
07 November 2011
1) You need to pass ordinary resolution. However if 25% or more of share is held by Public Financial Institutes, then special resolution is required
2) Notice of EGM should be given of 21 clear days.
4)Appointment of Auditor is always till conclusion of next AGM. Hence if auditor is appointed in EGM(means, EGM is held before AGM) then he will hold office for next AGM. hence in given case if you appoint auditor in the month of July/August, he will hold office till AGM i.e. 30-9-09.
29 July 2015
The Act stipulates that the casual vacancy in the office of an auditor due to resignation of the existing auditor can be filled up by the board subject to approval of the shareholders and the the said person shall hold office office till the next AGM. Now my query is If an auditor resigns before the coming AGM,how the limited review report of a listed company cab be done for Quarter ended June?
CAclubindia
