Penalty for not appouinting of first auditor
This query is : Resolved
CS Alpesh Dhandhlya
(Querist)
14 September 2012
Dear Experts
As per the Section 224(1A) the Auditors needs to be appointed within 30 DAYS from the date of incorporation of a company. If we fail to do this WHAT IS PENALTY AND PROCEDURE FOR APPOINTING the Auditor.
As per the Section 224(1A) the Auditors needs to be appointed within 30 DAYS from the date of incorporation of a company. If we fail to do this WHAT IS PENALTY AND PROCEDURE FOR APPOINTING the Auditor.
Amol S Joglekar
(Expert)
14 September 2012
Normally the penalty is waived under such circustances.
CS Alpesh Dhandhlya
(Querist)
14 September 2012
Dear Sir
Where the Penalty is given? I think Co.s Act provides No Penalty for the said.
Where the Penalty is given? I think Co.s Act provides No Penalty for the said.
15 September 2012
224(1A) is not auditor's appointment, but regarding auditors duty to inform ROC about his/her/ their appointment by filing e-Form 23B.
Kumar Gaurav
(Expert)
15 September 2012
Mr B. Chackrapani has rightly said Its Auditor duty to inform. You should check on your part that your Company have informed the Auditor regarding their appointment or not.
For your knowledge would like to share that wherever the Act is silent about penalty follow section 629A.
Keep in mind I am not saying about this section
Your case is different.
For your knowledge would like to share that wherever the Act is silent about penalty follow section 629A.
Keep in mind I am not saying about this section
Your case is different.
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