Auditor resignation & appointment

Others 3234 views 2 replies

vikash gupta

CHARTERED ACCOUNTANT IN PRACTI

66 Points Joined May 2008

Dear Friends

Is this process for Auditor's Resignation and Appointment ok, please have a look and share your valued comments

STEPS IN CASE OF RESIGNATION BY EXISTING AUDITORS

01.Receive the Resignation Letter with Form No.ADT-3 From the resigning Auditor

02.Call a Board Meeting for acceptance of the resignation and give power for filing the same with the ROC

03.File the Form GNL-2 WITH ROC, Kolkata having ADT-3 and resignation letter as attachment.

04.Call a Board Meeting for filing the Casual Vacany and approve the notice for EOGM .

05.Held the EOGM and pass approve the Auditor’s Appointment

06.Now file Form No.MGT-14 for the filing of the Resolution passed at EOGM

07.Now file GNL-2 with SRN of MGT-14 having ADT-1, Auditor;s Acceptance as attachment

Replies (2)

P C Agrawal

Registered independent director Past Ch

8229 Points Joined March 2007

It is OK. But if the auditor so agrees, the better and simple option could be that he gives letter stating that he is not interested in reappointment at the next AGM. Therefore company appoints some other auditor at the AGM in place of the retiring auditor. Thereafter company issues letter of appointment to the new auditor and files return of appointment of auditor with ROC.

vikash gupta

CHARTERED ACCOUNTANT IN PRACTI

66 Points Joined May 2008

Originally posted by : P C Agrawal
	It is OK. But if the auditor so agrees, the better and simple option could be that he gives letter stating that he is not interested in reappointment at the next AGM. Therefore company appoints some other auditor at the AGM in place of the retiring auditor. Thereafter company issues letter of appointment to the new auditor and files return of appointment of auditor with ROC. The reisgning Auditor has agreed, and we cannot wait the AGM