Auditor appointment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2013 Sir,

A PVt LTd. Company's AGM held on 26.09.2013 and the Company informs the auditor about his appointment on 04.12.2013 then what are the consequences of this delay :-
for company
and for auditor

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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09 December 2013 Co law provision is violated and there will be no valid appointment as there was delay of more then 2 months in informing auditor.

Again a fresh resolution is required to be passed and initimate auditor within time u/s 224.

Ajay Mishra

Ajay Mishra (Expert)
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09 December 2013 The Penalty is not defined. The ROC can demand explanation from company under section 234 of the Companies Act, 1956.

For Auditor he will file Form-23B with late fee and take reimbursement of that late fee from company.

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