Rayapati Balarama Krishna (Consultanat) (27 Points)
03 September 2016Dear Sir Is it possible to appoint auditor at first AGM if First auditor is not appointed with in limit of 60 days from incorporation date? Is the auditor appointed at AGM in above case is eligible for file annual returns of 1st Financial years?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 05 September 2016
You have to place audited financial statements for first financial year for approval of members at the AGM. Without appointment of auditors, who has audited the financials?
CAclubindia
