29 July 2009
ABC Pvt limited company appointed A as statutory auditor for F.Y 2008-09.Howver due to some personal reason A is not conducting the statutory Audit. Can ABC appoint any other CA to carry out the audit? If yes what is the process.
Secondly can company appoint any CA to carry out tax audit and is it necessary to record minutes. Also if new CA does TAX Audit this year than does he need to take approval from earlier CA?.
Yes you can remove the existing auditor u/s 224(7) only with the prior approval of central Govt. and by passing the resolution in GM and appoint the new auditor.
But it is not required to record the appointment of CA for Tax Audit in the minutes. It is required only if you appoint him through the board meeting resolution.
But it is not required to record the appointment of CA for Tax Audit in the minutes. It is required only if you appoint him through the board meeting resolution.