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Acceptance of audit of pvt. ltd.

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khushboo garg

Semi Qualified

61 Points Posted on 22 August 2013

Dear Friends

Wish to ask you a query

A pvt. ltd., after 10 months of its incorporation appoints an auditor for Statutory Audit. Whether the same should be accepted by the Chartered? If yes, then what all formalities are required to be done, since the company has completed no legal or documentary formalities, by the Chartered?

Regards

Khushboo Garg

Replies (3)

Ankit

CA CS

2674 Points Posted on 22 August 2013

Dear Khushboo,

I don’t think there should be a problem…in accepting the same.

Though Co Act says that the appointment should be appointed in one month of the incorporation, if this is not done so, the appointment should be made by passing a resolution in a General Meeting

So if the appointment is made at a GM, then you can accept the same..absolutely no problem