Should i as for resignation of auditor?

Others 236 views 3 replies

Hello Sirs,

I have a pvt ltd company. Our auditor was appointed from a different nearby city 4 years ago. I've found cheaper, more reliable ca locally. Should I ask my current auditor to resign so that we can appoint local ca. local ca charges 6000/- for audit report, current ca charges 35000/- 

My current auditor said that mca can query why auditor resigned before his term expires next year. Is it safer to just wait out 1 more year for current auditor's term to expire? Can current auditor cause any trouble for me/ my company?

 

thanks

Murthy

Replies (3)
Auditor can resign before expiry of his term. MCA will not raise any query for that.. resigning auditor has toh file ADT-3 for the same.. afterwrds u can appoint new auditor under casual vacancy
Removal of auditor is permissible as per law, you have to hold GM to replace the auditor.

Yes, you can change the auditor. For outgoing auditor ADT-3 has to be filed.

And for the new auditor ADT-1 has to be filed.

 

Best regards,

CA SK Bhat.


CCI Pro

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