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Agm and auditor's signature reg.

CS Ambrish (Comp-Secretary) (175 Points)

11 May 2013

Dear all,

I have two queries reg audit financials and approval in BoD and AGM. Please advise.

1. AGM to be held for pvt ltd co. at a shorter notice, hence the BoD and the AGM happens on the Same day. Now the problem is auditor is not available on that day for signing the financials once the BoD approves it and before the AGM is held ? Can the directors sign the financials on suppos the day is 05.01.13 and auditors sign on 07.01.13 ? will this invalidate the proceedings of the AGM by not having the audited results ?

2. What can be the alternative to the above if the date ? should the AGM be postponed or be conducted on 07.01.13 ?

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3 Replies

Sonam Bidasaria (CA) (770 Points)
Replied 11 May 2013

In the AGM, unaudited (unsigned) balance sheet cannot be approved by the shareholders. The Board will have to convene the AGM on are after 7th January, 2013.

CS Ambrish (Comp-Secretary) (175 Points)
Replied 11 May 2013

Originally posted by : Sonam Bidasaria
	In the AGM, unaudited (unsigned) balance sheet cannot be approved by the shareholders. The Board will have to convene the AGM on are after 7th January, 2013.

Maam, many thanks for your reply. so i should conduct the BoD on 5th and then get the financials approved by the Board , get the copies signed by the directors and auditors as well before proceeding to the AGM on 7 th .. correct me if am wrong .