Appointment of First Auditor

This query is : Resolved

Sarika Agarwal (Querist)
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30 September 2008 Friends Can u help me out.

i require a draft propsal letter to be given by the company to the auditor mentioning that the company proposes to appoint your firm as the statutory auditor. kindly provide me with the draft letter at email id agarwal.sarika@in.kline.com

Please.. Thanks

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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30 September 2008 If this is appointment of first auditor, Board has to do it within a month of incorporation. It can be as under:

Dear Sir,

Wev are pleased to inform you that our company XYZ Ltd., was incorporated on....

The Board of directors of the company wish to appoint you as the first auditor of the company subject your confirmation and terms of remuneration being approved in the forthcoming Board Meeting of the company.

Please let us know whether you are willing to take up the appointment and indicate your terms regarding audit fee.

Thanking you,

Message likes : 1 times

CA V. Mohanakrishnan

CA V. Mohanakrishnan (Expert)
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01 October 2008 Further to be confirmed by the auditor that he is not disqualified under any of clause and would be within the limit specified under Sec 224 of the Companies Act

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