Vibhor Pandey (FINAL) (106 Points)
24 February 2012Dear All,
My Querry Is When There Is Re-Appointment Of Auditor At AGM, A Formal Resolution Is Required To Be Passed.
Now, There Is A Sentence In Company Law Book :-
" ... Mere Absense Of Resolution To The Effect That The Retiring Auditor Shall Not Be Re-Appointed Is Not Sufficient ..."
- What Will Be The Proper Interpretation Of Above Sentence ,With Example ?
Thanks & Regards.
ACCOUNTANT
(Student)
(559 Points)
Replied 25 February 2012
It would probably mean that........just because....a resolution is not passed regarding Appointment of Auditor in the concerned AGM.........the retiring auditor will not continue in force........for the next period.......
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 25 February 2012
Hi
It will be required to be passed resolution and the same should also mention in director report of the company in Auditor Clause.
The Board will decide the remuneration of auditor.
Regards
CAclubindia
