Appointment of first auditor

Page no : 2

Milan Agrawal (Chartered Accountant) (207 Points)
Replied 07 September 2012

Dear Sir,

A public limited company incorporated on july'2011 has not appointed any auditor till August'2012.

What is the remedy?

Thanks & Regards

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Tanveer Md Masood (Indispensable) (361 Points)
Replied 18 September 2012

DEAR SARANYA,

IF THE AUDITOR IS NOT APPOINTED WITHIN ONE MONTH OF THE DATE OF INCORPORATION OF THE COMPANY THEN THE COMPANY WOULD APPOINT IN A GM. THERE IS NO QUESTION OF EXTENSION OF TIME LIMIT ONCE THIS PERIOD OF ONE MONTH EXPIRES. THE COMPANY WOULD TAKE IT UPON THEMSELVES TO APPOINT THE AUDITOR OF THEIR CHOICE IN THE GENERAL MEETING.

REGARDS,,

TANVEER MD MASOOD

CALCUTTA.

Tanveer Md Masood (Indispensable) (361 Points)
Replied 19 September 2012

DEAR MR.MILAN AGRAWAL..

IF THE BOARD DOES NOT APPOINT THE AUDITOR WITHIN ONE MONTH OF THE DATE OF INCORPORATION OF THE COMPANY , THEN THE COMPANY SHOULD APPOINT IN THE GENERAL MEETING.

REGARDS..

TANVEER MD MASOOD

CALCUTTA.