Appoitnment of auditor

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RAJU MAL BARDIA (Querist)
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10 November 2012 Co incorporated in Dec,11 & unable to commence bussiness till date and unable to appoint it first auditor in first board meeting

want to prepare balance sheet as at 31.03.12 by appointing its first auditor after july,2012. Is it possible to appint first auditor after july,12 and if yes then in which meeting (i.e board or general) such auditor will be appointed with which resolution i.e. ordonary or special resoolution.pls. forward me copy of such resolution

or is it possible to prepare first balance sheet as at 31.03.12 if yes what kind of permission require fr extention of financial year. pls. forward me copy of such resolution

CA Roshan Jha

CA Roshan Jha (Expert)
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10 November 2012 As per companies act, the first auditor shall be appointed by board within 30 days from the date of incorporation. If the board fails to excercise its power, than the company in general meeting may do so.

The answer to your question is that,
1) Yes the auditors can be appointed in July'12.
2) The meeting for appointment of auditors shall be general meeting.
3)The resolution shall be ordinary resolution.For copy, you may search this site.
4)You may prepare the balance sheet for 31.3.12.and get the same audited. There is no need of any permission.