Appointment of Auditor

MCA has still not provided clarity on the time frame to which such exemption relates to, however as per opinion of KPMG in their comments on all the notifications on 13th and 22nd June,2017 they believe that MCA's intention was to provide relief to the applicable companies ASAP, these notifications should be applicable for Financial statements prepared for year ended 31st March,2017.

Attached is KPMG's comments (Refer page 7)