Statutory Auditor

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 January 2011 We are a Public unlisted Company. The Statutory Auditor of the Comapny change his name by converting Proprietorship into Partnership Firm. In this case what will be the compliance have to done by the company.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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09 January 2011 Law doesnot say anything in case of change in name of statutory auditor firm.

udit sharma

udit sharma (Expert)
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10 January 2011 Hi...

In case of conversion of the proprietor ship firm of the Auditor of the Company into a Partnership firm, nothing needs to done by the Company.

In the Directors report to the members, there should be a statement intimating the members that the Auditor of the firm is now converted into a partnership firm.

The Company is required to initimate the Auditor within 7 days from the date of AGM of its appointment and the Auditor has to intimate ROC in prescribed Form 23B of its appointment in the Company within 30 days from the date of receipt of its appointment from the Company.

Regards

CS Udit Sharma

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