Transfer of auditor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2013
I would like to know if we have to shift from one auditor to other auditor what are the formalities we should do from the ffirst auditor or what are the letters we should take from the auditor before shifting. or we acn say what letters we should obtain from auditir before relieving him.
Ganeshbabu K
(Expert)
22 August 2013
Company not required to take any letter however as a professional ethics your new auditor will communicate with previous auditor whether he is having any objects,and professional reservations on new auditor appointment
Ankur Garg
(Expert)
22 August 2013
First take eligibility letter from new auditor as mentioned in section 224(1B).
Appointment of new auditor should first be considered at a board meeting. After approval of board, appointment should be put at general meeting for the approval of shareholders.
After approval of shareholders, appointment letter should be issued to new auditors, within 7 days of appointment. For more information kindly go through section 224 of the Companies Act, 1956.
Appointment of new auditor should first be considered at a board meeting. After approval of board, appointment should be put at general meeting for the approval of shareholders.
After approval of shareholders, appointment letter should be issued to new auditors, within 7 days of appointment. For more information kindly go through section 224 of the Companies Act, 1956.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- TDS on Dashcam rent and allied services
- Royalty payments to the Mining Department for procurement of murum - GST input
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
