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Appointment of auditor after completing the casual vacancy assignment

Others 276 views 1 replies

CA Shruti kuchhal

427 Points Posted on 07 December 2019

Dear all,

I have appointed as auditor of the company for the FY 19 as there was casual vacancy due to resignation of auditor.

I have filed the necessary forms for the same to hold the office till the conclusion of AGM.

Now I have been appointed as a regular auditor for a period of 5 years. what all forms and resolutions are required to be uploaded in case of pvt. ltd. company

please advice

Replies (1)

Jatin Bajaj

2942 Points Posted on 09 December 2019

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.