Resign of previous auditor and appt of new auditor agm
This query is : Resolved
13 August 2016
Dear Sir/ Mam
In a company an auditor has resigned in AGM having 3 years remaining audit tenure. Weather it will result in a casual vacancy.
Moreover, weather the appointment of new auditor will be for 1 year or 5years. And weather the appointment of new auditor will be made by board and later approved by members or the Board will only make recommendation and appointment will be made by members in AGM.
Please give your advice in this regard.
Thanks & Regrds
Shalu Goyal
In a company an auditor has resigned in AGM having 3 years remaining audit tenure. Weather it will result in a casual vacancy.
Moreover, weather the appointment of new auditor will be for 1 year or 5years. And weather the appointment of new auditor will be made by board and later approved by members or the Board will only make recommendation and appointment will be made by members in AGM.
Please give your advice in this regard.
Thanks & Regrds
Shalu Goyal
16 August 2016
Any new auditor appointed would be applicable for period of 5 years. If it is a casual vacancy, the auditor can be appointed by Board and later can be approved in the AGM.
17 August 2016
Thanks mam
Mam please clarify the doubt if previous auditor resigns in AGM before completion of his/ her five year period weather it is a casual vacancy or not.
Thanks & Regards
Shalu Goyal
Mam please clarify the doubt if previous auditor resigns in AGM before completion of his/ her five year period weather it is a casual vacancy or not.
Thanks & Regards
Shalu Goyal
23 August 2016
Dear Shalu,
It will result into casual vacancy.
There are two reasons of Casual Vacancy of Auditor:
I. Casual Vacancy due to reason other than Resignation of Auditor.
II. Casual Vacancy because of Resignation of Auditor
New auditor will be appointed by BOD but it should be approved by shareholder in Extra ordinary general meeting as its case of casual vacancy.
Hope your query is resolved
Kindly like if my response has helped you
It will result into casual vacancy.
There are two reasons of Casual Vacancy of Auditor:
I. Casual Vacancy due to reason other than Resignation of Auditor.
II. Casual Vacancy because of Resignation of Auditor
New auditor will be appointed by BOD but it should be approved by shareholder in Extra ordinary general meeting as its case of casual vacancy.
Hope your query is resolved
Kindly like if my response has helped you
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24 August 2016
Dear Sir
Thanks but as AGM is near can approval by shareholders be made in AGM instead of EGM.
Thanks
Shalu
Thanks but as AGM is near can approval by shareholders be made in AGM instead of EGM.
Thanks
Shalu
24 August 2016
Dear shalu,
As per rule it should be approved in Extra ordinary general meeting and not AGM.
Hope your query is resolved
Kindly like if your are satisfied with my answer
As per rule it should be approved in Extra ordinary general meeting and not AGM.
Hope your query is resolved
Kindly like if your are satisfied with my answer
Message likes :
1 times
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