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Rotation of auditors

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2015 if the audit firm has already been appointed at the AGM for a term of 5 years , as per the companies act,2013...then does their appointment need regularisation at or needs to be noted at every AGM of the meeting till the Sixth AGM???

Thanks in Advance, kindly guide.

15 January 2015 Ratification for appointment of auditors should be done in every AGM.

15 January 2015 The appointment of auditors shall be made for a 5 Year term subject to ratification at every AGM

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2015 shoul we also file a form for such a ratification?

15 January 2015 NO NEED TO FILE ANY FORM FOR RATIFICATION

16 January 2015 If an auditor is appointed for a period of five years at the AGM. Then we have to take approval of shareholders at each next agm.

16 January 2015 yes that is what is meant by subsequent ratification by shareholders at each agm.


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