Kind of Meeting : Board Meeting Type of Resolution : Resolution with simple majority
“ RESOLVED that M/s ……………. be and are hereby appointed auditors of the company to hold office till the conclusion of the first Annual General Meeting at a remuneration of Rs …………”
21 May 2011
"Resolved That the consent of the Board of Directors be and is hereby given to the appointment of M/S............,Chartered Accountants as first auditor of the company to hold office up to the conclusion of the first Annual General Meeting of the company at a remuneration of Rs........ in addition to the out of pocket expenses incurred by them in connection with audit of the accounts. Resolved Further that the secretary of the company be and is hereby directed to give intimation of the appointment to the auditor so appointed within seven days of the date of the resolution."
21 May 2011
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)
The Chairman informed the Board that pursuant to Section 224(5) of the Companies Act, 1956, the company is required to appoint Statutory Auditors of the Company. He proposed that [Name of the Auditors], Chartered Accountants, having its office at [Address of the office of auditors] may be appointed as first Auditors of the company. The Company has received a consent letter from [Name of the Auditors], Chartered Accountants, to act as Statutory Auditors of the Company and a certificate to the effect that their appointment as an Statutory Auditors, if made would be in accordance with the limit specified in Section 224(IB) of the Companies Act, 1956.
The Board noted the same and after discussion, passed the following resolution unanimously:
“RESOLVED THAT pursuant to section 224(5) of the Companies Act, 1956 [Name of the Auditors], Chartered Accountants, having its office at [Address of the office of auditors] be and are hereby appointed as first auditors of the company to hold the office until the conclusion of the first Annual General Meeting".
“RESOLVED FURTHER THAT [Name of the person(s) authorized] be and is hereby authorized to intimate the Auditors of their Appointment.”
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