If a casual vacancy of auditor in a company is occurred due to resignation by that auditor and new auditor is to be appointed in place of him....Please provide the procedure of it.
Kindly also provide me specimen of Board resolution regarding resignation of that auditor, EGM notice and explanatory statement and resolution to be passed in that EGM.
12 March 2012
procedure for appointing auditors in casual vacancy
1. Hold Board Meeting to consider the proposal for appointing auditor in casual vacancy. In the same meeting approve the draft notice of EGM for passing ordinary resolution for appointment of auditor.
2. Before appointment obtain a letter from auditor u/s 224(1B).
3. Hold EGM & pass an ordinary resolution.
4. Intimate the auditor about his appointment with 7 days.
5. Auditor so appointed shall file Form 23B within 30 days of appointment.
12 March 2012
ILLUSTRATIVE RESOLUTION Casual vacancy, Auditor resigning, filling up of – Ordinary Resolution - General Meeting “RESOVED that M/s ……………., the Chartered Accountants (Firm Regn. No. ___________) , be and are hereby appointed as auditors of the company to fill up the casual vacancy caused by the resignation of M/s ………………., Chartered Accountant, until the conclusion of the next Annual General Meeting of the Company at a remuneration as the Board of directors may determine.
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