What is the fine / penalty wrt non compliance wrt conditions for appointment / reappointment of auditors wrt following :
1)Every company shall, at each annual general meeting, appoint an auditor or auditors to hold office from the conclusion of that meeting until the conclusion of the next annual general meeting and shall, within seven days of the appointment, give intimation thereof to every auditor so appointed
2)Every auditor appointed under subsection (1), 2[ shall within thirty days of the receipt from the company of the intimation of his appointment, inform the Registrar in writing that he has accepted, or refused to accept, the appointment.
Kindly provide solution for this , preferably with relevent sections & offical links, if any.
Thanks
- Chirag Shah
CAclubindia
