Ca final nov 12 law query

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Kindly tell me the answer of CA FINAL NOV 12 LAW ---Question No. 3 (a) (ii)...should old auditor continue????

Replies (2)

YES HE CAN CONTINUE THE OFFICE OF AUDITOR.

Y BCOZ,

WHERE AN A.G.M IS HELD WHEREAT THE NEW AUDITORS ARE APPOINTED, BUT THE A.G.M IS ADJOURNED TO A LATER DATE, THE NEW AUDITORS CANNOT ASSUME OFFICE UNTIL THE CONCLUSION OF THE ADJOURNED A.G.M THE PRESENT AUDITORS WOULD CONTINUE TO BE THE AUDITORS TILL THE CONCLUSION OF THE ADJOURNED A.G.M, SINCE THE AUDITOR HOLD OFFICE FROM THE CONCLUSION OF ONE A.G.M TO THE CONCLUSION OF NEXT A.G.M.

 

NOTE: I THINK NOW YOURS QUERY NOV 2012 C.A FINAL QUESTION 3(ii) is resolved.

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