Hi
I have been approcahed by a director of Pvt. Ltd company to audit acconts for the FY 2007-08/08-09. Please confirm the procedure for appointment of auditor and penalty for the company for late audit and filing of returns with ROC
Vijay Kunder (Chartered Accountant) (28 Points)
12 April 2010Hi
I have been approcahed by a director of Pvt. Ltd company to audit acconts for the FY 2007-08/08-09. Please confirm the procedure for appointment of auditor and penalty for the company for late audit and filing of returns with ROC
CS Jithesh (ACS,)
(COMPANY SECRETARY )
(485 Points)
Replied 12 April 2010
Once the intimation has received from the company to the auditor. You have to file form 23B. Once those forms are filed for the respective years then only you can audit and file Balance sheet and others . Because once you have audited you have to file form 23AC and ACA (B/S and P/L) . In that you have to mention the SRN of Form 23B that you have filed for the corresponding years.
You will have to pay additional fees for the delay based on your Authorised Capital.
Regards
CS Jithesh
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 12 April 2010
Agree wid the above reply...
File the following form in the following sequence FOR EACH YEAR :-
Form 23B
Form 20B
Form 23AC
Form 23ACA
Form 66 (If applicable)
U can check filing fee from this link
https://mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15
If u hv any doubt, then revert me..
Sarabjeet Kaur
(CS)
(196 Points)
Replied 12 April 2010
U have also keep in your record the resignation from previous auditor.
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 12 April 2010
Agree wid Sarabjeet Kaur !
communicate wid previous auditor in written form. & also keep the resignation letter of previous auditor & his NOC.
(comply wid the requirements of Chartered Accountants Act )
Max Payne
(employed)
(2569 Points)
Replied 13 April 2010
On getting enquiry as to willingness to act as auditor:
First get the consent of previous auditor if any,
then make sure that you are within the 224(1B) ceiling and ICAI ceiling of 30,
then communicate your willingness to the board to be appointed
Make sure that the previous auditor is not re-appointed (see special notice to members)
Get the certified resolution from director of the member's meeting appointing you.
Make sure form 23B filed with ROC after getting the resolution. Then start the audit.
SIDHARTH DHIR
(senior articled assistant)
(623 Points)
Replied 13 April 2010
refer section 224 to 227 for additional info.
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