Hi All,
Please answer for the below query
If company has appointed one statutory auditor for 3 Years in X Pvt Ltd. Than do he need to give his consent for every year or only at once at the time of appointment ?
Regards,
Sudhir
4 Replies
AMLAN12.
(STUDENT)
(120 Points)
Replied 27 October 2018
is consent and ratification of an auditor same
Hitesh
(Student)
(3549 Points)
Replied 27 October 2018
No these are two different things. Consent is by auditor for accepting audit assignment. Ratification is by the shareholders , however requirement of ratification has been removed..
Sudhir Todkar
(CS Professional)
(1021 Points)
Replied 27 October 2018
Yes with effect from May 7th 2018, Requirement of ratification at every AGM has been omitted.
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