Get Mobile Updates on Recent Tax Changes. Go CAclubindia PRO. Subscribe Now!

Appointment of Joint Auditor

Others 2761 views 3 replies

Payal Jain

152 Points Joined April 2010

Can you plz tell me that what is the procedure to appoint Joint Auditors for the Company.

What agreement the Joint Auditors are required to sign with each other and what other formalities they and Company required to fulfill?

Can Joint Auditor be appointed in the Board Meeting and later on can be re-appointed in the Annual General Meeting or EGM is required to be called upon to appoint joint auditor?

Replies (3)

Payal Jain

152 Points Joined April 2010

Plz rpl anybody on this matter.................

Upto my understanding; You ned to secure a Certificate first under section 224(1)(b). Recommend their appointment in Board meeting. Serve Notice for AGM/EoGM (as the case may be). Convene AGM/EoGM pass resolution and intimate both auditors within 7 Days of their appointment. Arrange to enetr into a inter-se allocation of responsibilities between auditors. Arrange to get F23B filed with concerned ROC. Regards,