04 December 2009
Procedure are as follows: 1.Intimation in Form 23B to be filled with the registrar within 30 days of their appointment. 2.As per Schedule I clause(8)to Chartered Accountant Act 1949, communicating with the previous auditor before accepting the appointment. 3.Assessing the compliance to Section 224 and 225 of companies Act under schedule I clause (9) to Chartered Accountant Act 1949. Note: Checking ceiling of Audit u/s 224(1B) of Companies Act 1956 and guidelines issued by ICAI before accepting the appointment is also required.
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