Death of Partner of Statutory Auditor's Firm
This query is : Resolved
19 May 2020
1) A Pvt. Ltd. co. appointed a partnership firm of 2 auditors as statutory auditor till the conclusion of the AGM of the Company to be held in the year 2020.
2) Recently a partner of the said auditor firm is died.
3) The PVT. Ltd. Co. wants to appoint new auditor.
Please tell me the procedure.
2) Recently a partner of the said auditor firm is died.
3) The PVT. Ltd. Co. wants to appoint new auditor.
Please tell me the procedure.
19 May 2020
An existing Auditor can resign by submitting a resignation letter to the Board of Directors. An auditor who has resigned from the company is required to file Form ADT-3 within a period of 30 days from the date of resignation, indicating the reasons and other facts as may be relevant with regard to the decision for resignation.
Any casual vacancy of the auditor must be filled by the Board of Directors within 30 days. If the casual vacancy is on account of a resignation of an auditor, then the appointment of the auditor must be approved at an Extra-Ordinary General Meeting convened within 3 months of the recommendation of the Board.
Any casual vacancy of the auditor must be filled by the Board of Directors within 30 days. If the casual vacancy is on account of a resignation of an auditor, then the appointment of the auditor must be approved at an Extra-Ordinary General Meeting convened within 3 months of the recommendation of the Board.
20 May 2020
Many thanks for you reply.
In my case status of the partnership firm is now proprietorship, as there is only one partner is alive. As per filed ADT-1". Category of Auditor - Auditor's Firm". So, in this case to appoint a new auditor what to do? Resignation letter from the live partner is reacquired or not?
In my case status of the partnership firm is now proprietorship, as there is only one partner is alive. As per filed ADT-1". Category of Auditor - Auditor's Firm". So, in this case to appoint a new auditor what to do? Resignation letter from the live partner is reacquired or not?
20 May 2020
Many thanks for you reply. In my case status of the partnership firm is now proprietorship, as there is only one partner is alive. As per filed ADT-1". Category of Auditor - Auditor's Firm". So, in this case to appoint a new auditor what to do? Resignation letter from the live partner is reacquired or not?
20 May 2020
Yes resignation letter from live partner is required.
Message likes :
1 times
21 May 2020
casual vacancy has to fulfil within a period of 30 days from the date of cessation from the position of auditor. Moreover, the appointment of such auditor is for a period of this agm only
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
