CS
2942 Points
Joined April 2016
As per the provisions of section 139(8) of the Companies Act 2013, any casual vacancy of the auditor due to resignation shall be filed by taking the approval from the Board of Directors and by holding EGM maximum within the period of 3 months from the date of casual vaccancy.The casual vacccancy so appointed shall hold the office till the upcoming AGM of the Company and on AGM either the new auditor shall be appointed or same auditor can be appointed for period of 5 years. For appointment of auditor, consent needs to be obtained from the auditor along with the eligibility criteria. Company has to be file Form ADT 1 within 15 days of its appointment.