28 September 2010
1) Is there any negative consequences of not appointing an auditor within 1 month of its incortpotion in a pvt co and if appointed in 1st AGM. 2) Is he appointed in the first Board meeting after one month. Plz fwd a specimen resolution for that. 2) Except cosent letter is there any thing required to be obtaine dby the auditor. What should be the date on consent letter. If he is signning in present date can we put any date which is within one month of incorporation. 3) Plz fwd me a specimen resolution for appintment of auditor in firsy AGM.
28 September 2010
Do not look for negative consequences. Do the necessary documentation. Alter your first BM minutes accordingly.
SPECIMEN OF BOARD RESOLUTION FOR APPOINTMENT OF THE FIRST AUDITORS
The Chairman informed that the first auditors of the company are to be appointed in the Board meeting within one month from the date of incorporation of the company. He informed that he had got consent of M/s A Jain & Associates, Chartered Accountants, for their appointment as the first auditors of the company. The Board considered and passed the following resolution unanimously:
“RESOLVED THAT pursuant to the provision of section 224 of the Companies Act, 1956, M/s A Jain & Associates, Chartered Accountants of Meerut from whom certificate pursuant to section 224(1B) of the Companies Act has been received, be and are hereby appointed as the first auditors of the company to hold office until the conclusion of the first annual general meeting of the company at a remuneration to be determined by the Board of directors of the company.
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