SHRIRAM PRASAD (79 Points)
22 April 2019One of the companies filed ADT-1 for appointment of auditor as casual vacancy due to resignation of Previous auditor. EGM was conducted and all proper procedures were followed. In the Adt-1 the period however is shown as 5 years term. I understand that auditor appointed in capacity of casual vacancy can be ratified only in next AGM.
SO my question is, is filing ADT-1 for appointment of auditor for casual vacancy for term of 5 years is right or wrong?
Vibha Trivedi
(437 Points)
Replied 22 April 2019
Vatsla Alagh
(1545 Points)
Replied 22 April 2019
SHRIRAM PRASAD
(79 Points)
Replied 23 April 2019
Thanks for the response experts. Let me also know the corrective action to be taken for form if possible.
Can we ignore the ADT-1 and in next AGM appoint new auditor for 5 years?
CAclubindia
