statutory audit....
This query is : Resolved
16 November 2009
i have heard that statutory auditors can be appointed by the board approval in sonme cases. is that true & if yes what are those circumstances.....can a board recommend his statutory auditor...
thanks in advance
ca amit jain
thanks in advance
ca amit jain
16 November 2009
Yes.
Statutory auditors can be appointed by the board in certain cases.
As per section 224(5) board has the power to appoint statutory auditor as first auditor.
As per section 224(6) board has the power to fill casual vacancy caused by the death or disqualification of statutory auditor by appointing new auditor.
In normal course board may recommend auditors name to shareholders for the purpose of appointment in the AGM.
Regards
Yes.
Statutory auditors can be appointed by the board in certain cases.
As per section 224(5) board has the power to appoint statutory auditor as first auditor.
As per section 224(6) board has the power to fill casual vacancy caused by the death or disqualification of statutory auditor by appointing new auditor.
In normal course board may recommend auditors name to shareholders for the purpose of appointment in the AGM.
Regards
16 November 2009
The Board can appoint Auditors in following two cases-
1. To Appoint first Auditors of company within 30 days of incorporation of company. Such Auditor to continue til conclusion of First AGM
2. To Appoint Auditor in any casual vacancy caused by death /disqualification of existing Auditor except resignation of Auditor. Such Auditor to hold office till conclusion of next AGM.
1. To Appoint first Auditors of company within 30 days of incorporation of company. Such Auditor to continue til conclusion of First AGM
2. To Appoint Auditor in any casual vacancy caused by death /disqualification of existing Auditor except resignation of Auditor. Such Auditor to hold office till conclusion of next AGM.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
