Auditors appointment

Thank you Vandhana J Doshi,

Can you tell me the relevant provisions, since at general we are uploading after 30 days

MGT-14 not required for ADT-1

Originally posted by : Bina Ipe
	Is it compulsory to appoint the auditors for a period of 5 years. Is it possible to appoint only for one financial year as was being done previously?

No Audit firm would be appointed for a period of more than 2 terms of 5 consecutive years, subject to the ratification by the members at every Annual General Meeting. Another Auditor may be appointed in his place after a year, provided a SR is passed in the AGM and after due approval from the Central Government is taken.

The auditors of Government Companies are appointed by C&AG of India. Whether the Government Company is also required to file the Form ADT-I

CA D K Miglani

06---- sec.139(1)

07----1. Form No. ADT 1 (Notice of appointment of Auditor by Company)
       2. Certificate of eligibility and consent for appointment of Auditor.
       3. Copy of Resolution passed in AGM for appointment of Auditor.
       4. Copy of Intimation letter by company to the Auditor.

08--- date of AGM