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Appointment of first auditor

AADI (Accountant) (74 Points)

04 November 2012

Pelase any one can explain the meaning of the following

1. An auditor cannot be appointed as first audior simply because his name is stated in Articles of association

thanks in advance.

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7 Replies

Mohit Maheshwari (Arictleship) (51 Points)
Replied 04 November 2012

The article of association (AOA) cannot name the first auditor of the company. The first auditor of the company can be appointed by the BOD's of the company and the first auditor appionted will hold the office for till the next AGM. And the most important point to be noted is that the first auditor cannot be named in the AOA of the company.

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Disha Popat (student) (39 Points)
Replied 04 November 2012

first auditor can not hold the office on the basis of named in AOA.. he can perform his duty only after the board's approval to do so. he will hold the office untill the conclusion of First AGM.

1 Like

ASHISH JAIN (STUDENT) (240 Points)
Replied 04 November 2012

Agreed with Mr. Mohit.

1 Like

CA Suryakant Dubey (CA ) (931 Points)
Replied 05 November 2012

Same as told by Mohit

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Deepak Dargad (Chartered Accountant....) (9787 Points)
Replied 05 November 2012

I also agreed with mohit

1 Like

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Dixit (CA Final) (2405 Points)
Replied 03 January 2013

Originally posted by : Mohit Maheshwari
	The article of association (AOA) cannot name the first auditor of the company. The first auditor of the company can be appointed by the BOD's of the company and the first auditor appionted will hold the office for till the next AGM. And the most important point to be noted is that the first auditor cannot be named in the AOA of the company.

sneha (company secretary) (327 Points)
Replied 05 January 2013

In AOA we will not give any information about the First auditor of the company.With in one month from the date of Incorporation a company should appoint a statutory auditor and he will jhold the office till the date of next agm.

The details of statutory auditor should mention in 1st bm minutes also.