Hi
Can existing auditors be appointed for the next financial year in General Meeting even though balance sheet for the previous year is still not complete??
2 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 08 March 2011
Auditors hold the appointment from the conclusion of AGM in which he is appointed till conclusion of next AGM.The office of the Auditor is a continuing one provided resolution to this effect is passed and approved at the meeting of shareholders and Certificate U/s 224(1b) with respect to audit ceiling from auditors is obtained that appointment made will be within the audit ceiling limits
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 08 March 2011
Appointment/reappointment of auditors take place in AGM. You can appoint auditors even if the B/sheet is pending for the pervious year.
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