Dear Members, Statutory Auditor Firm was originally appointed for period of 5-year (2014–2019) in a pvt. ltd. company.
At the conclusion of the F.Y- 2018-2019 AGM, neither a new auditor was appointed nor was the existing auditor formally re-appointed by a resolution. Consequently, the existing auditor has continued to function under the operation of Section 139(10).They continue with the same SRN of ADT-1 from 2019 to 2025,
In this case my question are:-
- whether a board approval was/is require to pass for its continuation ?
- whether a shareholders approval was/is require to pass for ratification of its remuneration?
- Its is necessary to file Form ADT-1? please provide me any case law which protect company from it. please give your views....
CAclubindia
