For how long can a statutory auditor of a private unlisted Company continue to audit the annual accounts when AGM's are not held on account of lack of quorum?.
There is a case filed by shareholder against the management and it continues in the court. Shareholders were stayed by the Court from intereferring with operations and management of Company. Auditor has been completed audit and reported for 9 years but needs clarification whether he can continue indefinitely until court case is decided according to legal opinion obtained by Company. Is there any statute of limitation?
Besides appointment was at AGM before requirement of 23B filing. Does 23 B have to be filed for continuation of audit for current financial years as appointment was at AGM in 2002.
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