Re Appointment of Auditor

This query is : Resolved

NITIN BALDAWA (Querist)
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07 November 2009 P, the first Auditor of XYZ Ltd. resigned as Auditors of the Co. Board of Directors appointed Mr. Q as statuary auditors in their place . Comment

Ankur Garg

Ankur Garg (Expert)
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07 November 2009 Hi,

In your case appointment of new auditor by board is not valid.

As per section 224(6) in case of vacancy caused by resignation of statutory auditor can only be filled by the members in the general meeting.

In case of first auditor also section 224(6) is applicable.

Revert for further query.

Regards

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