procedure to change the auditor of a listed company

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PRAVEEN KUMAR (Querist)
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06 May 2009 Hi,
Please tell me what is the procedure to change the auditor of a listed company please give me step by step information.

Thanks & Best Regards
Praveen

Monil Shah

Monil Shah (Querist)
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06 May 2009 The section 217 is about the disclosures to be made in Board of Directors report.IS Section 217 applicable to Pvt Ltd co.IF yes,

Suppose chairman is other than MD and the salary paid to chairman is more than MD. Do we need to disclose the same in board report U/s 217(2A) and Notes to account of the company.

Please confirm

CS Vivek Hegde

CS Vivek Hegde (Expert)
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07 May 2009 Monil

Sec 217 is applicable to all cos including pvt. ltd...

Vivek

Ankur Garg

Ankur Garg (Expert)
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07 May 2009 Dear Monil,

Section-217 is applicable to Pvt. Co.

In your case Section-217(2A)(iii) is applicable. As per clause (iii) disclosure is required if 2 conditions are fulfill:

1. Employee drawing remu more then by MD
AND
2. holds by himself or along with his spouse and children not less then 2% of Eq. Shares of the company.

If in your case Chairman is also holding 2% eq sh. then disclosure in board report required.

Regards

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