Appointment of internal auditors through circular resolution

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SUSHIL KUMAR SHARMA (Querist)
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11 September 2014 Dear All Experts,

Can an Internal Auditor be appointed by passing a circular Resolution as per the Companies Act, 2013?

Please also provide some reference in this regards.

An early reply is highly appreciated.

Thanks

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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11 September 2014 No.

Section 179(3)(k)read with rule 8(4) of Companies (Meetings of Board and its Powers)Rules, 2014 prescribes certain matters which shall be exercised, on behalf of the company, by the Board of Directors, only by means of resolutions passed at meetings of the Board which include appointment of internal auditor

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