A pvt Ltd co was incorporated on December 2016.
1. First Financial Year dec 2016 to March 2017 ( xyz Auditor )
2. Second Financial Year April 2017 to March 2018. ( abc auditor to be appointed in AGM by Shareholders, as per Co Act second and subsequent auditor is to be appointed by Shareholders in AGM/)
My query is :
1.If ABC Auditor is to be appointed in AGM by Shareholders then How will Auditor prepares Its Report on BS before his Appointment. ( i am asking this q because - agar auditor ki appointment AGM me honi hai tab kese wo bs per apni audit report agm date se phle de skta hai, kese audit report per Board apni Comments kar skta hai jis report ko leke Board ko usi AGM me jana hai jis AGM me ABC auditor ki appointment honi hai )
2. May be i am thinking wrongly., But if i am correct , whether we should appoint ABC auditor in EGM before preparation of Annual Report.
Plz Suggest me what is the better treatment or if i am wrong plz rectify by giving your valuable suggestion.
Thanks & Regards