appointment of an auditor in case of a casual vaccancy

This query is : Resolved

Dhaval Vira (Querist)
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07 December 2010 is a n incoming auditor supposed to obtain NOC from the outgoing auditor prior to the holding of EGm or after that.

If it has to be obtained after the EGM and the outgoing auditor gives a NOC subject to certain observations or points, then shall the new auditor accept the appointment or not.

Please reply asap.

Ankur Garg

Ankur Garg (Expert)
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07 December 2010 Hi,

It is always advisable for the incoming auditor to collect NOC from the outgoing auditor before the appointment to avoid any misunderstanding.

However if new auditor manage the NOC after appointment then also there is no issue and he can accept the appointment.

Regards

Ankur Garg

Ankur Garg (Expert)
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07 December 2010 For sample NOC letter kindly check the link below:

https://www.caclubindia.com/articles/resolutions-notices-letters-related-with-statutory-auditor-2928.asp

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