Appointment of auditor
This query is : Resolved
07 January 2012
Dear All,
A PVT LTD COMPANY HAS APPINTED ITS PREVIOUS AUDITOR AS ITS AUDITOR IN AGM FOR F.Y.11-12. AND AUDITOR HAS ALSO ACCEPTED THE APPOINTMENT.
NOW THE BOARD WANTS TO APPOINT ANOTHER AUDITOR. WHAT IS THE PROCEDURE TO BE FOLLOWED? WILL THIS BE POSSIBLE?
THANKS IN ADVANCE FOR EARLY REPLY.
A PVT LTD COMPANY HAS APPINTED ITS PREVIOUS AUDITOR AS ITS AUDITOR IN AGM FOR F.Y.11-12. AND AUDITOR HAS ALSO ACCEPTED THE APPOINTMENT.
NOW THE BOARD WANTS TO APPOINT ANOTHER AUDITOR. WHAT IS THE PROCEDURE TO BE FOLLOWED? WILL THIS BE POSSIBLE?
THANKS IN ADVANCE FOR EARLY REPLY.
08 January 2012
Once, auditor is appointed in AGM, then he cannot be removed until next AGM.
The auditor himself, can vacate the office, due to resignation or any other reason like death or insolvency. In case of vacation of office, other than by resignation, the new auditor can be appointed by BOD. In case of vacation of office by resignation, the new auditor has to be appointed by shareholder in Extra ordinary general meeting.
The auditor himself, can vacate the office, due to resignation or any other reason like death or insolvency. In case of vacation of office, other than by resignation, the new auditor can be appointed by BOD. In case of vacation of office by resignation, the new auditor has to be appointed by shareholder in Extra ordinary general meeting.
08 January 2012
PLEASE SUGGEST IF ANY PRACTICAL WAY OUT IS POSSIBLE?.I HAVE SEEN SOME COMPANIES IN WHICH AUDITOR IS REMOVED AFTER HE IS APPOINTED IN AGM.
08 January 2012
PLEASE SUGGEST IF ANY PRACTICAL WAY OUT IS POSSIBLE?.I HAVE SEEN SOME COMPANIES IN WHICH AUDITOR IS REMOVED AFTER HE IS APPOINTED IN AGM.
09 January 2012
In addition to Sachin reply, a auditor appinted in AGM can also be removed by the company in EGM provided central Govt permission has been obtained in this regard.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
