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URGENT - Letter of Appointment of Statutory auditors

Max Payne (employed) (2574 Points)

28 May 2008

Can anyone give the format or draft copy of letter of appointment of statutory auditors under companies act Please? MOST URGENTLY REQUIRED.

Please provide a link if u know where i can find this...

Thnks in advance

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27 Replies

Shekar (CA & LCS ) (1109 Points)
Replied 28 May 2008

Hi..

Go through this link..

https://www.google.co.in/search?hl=en&rlz=1G1GGLQ_ENIN278&q=format+of++appointment+letter+of+statutory+auditors+&btnG=Search&meta=cr%3DcountryIN

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Shekar (CA & LCS ) (1109 Points)
Replied 28 May 2008

Hi..

Go through this link..

https://www.google.co.in/search?hl=en&rlz=1G1GGLQ_ENIN278&q=format+of++appointment+letter+of+statutory+auditors+&btnG=Search&meta=cr%3DcountryIN

Shekar (CA & LCS ) (1109 Points)
Replied 28 May 2008

CA NP Mathi Lingan (Practising Chartered Accountant) (98 Points)
Replied 28 May 2008

Dear Gopala Krishnan,

Prior to appointment in the AGM, an intimation can be given in the following format:

"Sub: Appointment of Statutory Auditors for the financial year 2007-08

We are glad to inform you that your audit firm has been proposed by the Board of Directors of our company for appointment as the statutory auditors of our company to hold office from the conclusion of the forthcoming AGM till the conclusion of the next AGM at a remuneration to be fixed after discussion with the Board of Directors of our Company.

Please note that your appointment will be subject to the approval of the shareholders in the forthcoming Annual General Meeting (AGM) of the company.

Kindly give us your willingness and a written certificate to the effect that the appointment, if made, will be in accordance with the limits specified in sub-section (1B) of Section 224.

Thanking you,

Yours faithfully,

XXX

Company Secretary"

And after appointment in the AGM, the following appointment letter can be issued to the auditors along with a certified copy of the AGM Resolution:

"Dear Sir,

Sub: Appointment of Statutory Auditors

We are glad to inform you that you have been appointed as the statutory auditors of our company, in the Annual General Meeting (AGM) of the members of the company held on _____ to hold office from the conclusion of this AGM till the conclusion of the next AGM at a remuneration that may be decided by the Board of Directors in consultation with you.

A certified copy of the Resolution is attached for your records.

Thanks & Regards

XXX

Company Secretary

Appointment of Statutory Auditors for the financial year ______:

“RESOLVED THAT M/s. _______., Chartered Accountants, be and are hereby appointed Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company at a remuneration that may be decided by the Board of Directors in consultation with the Auditors.”

1 Like

Max Payne (employed) (2574 Points)
Replied 04 June 2008

Thanks M.D.

Please can u let me know wat will happen in the following situation...

statutory auditor of FY 06-07 quits without doing the audit,he gives in his resignation on 4th april 2007.

In an EGM on 04/06/2007 the shareholders appoint a new auditor , and the audit is completed... to file the forms 23AC 23ACA and annual returm with ROC it is necessary to file a resolution <passed at anAGM>? Audited accounts are not OFFICIALLY accepted.Form 23 of special resolution to appoint the auditor duly filed.

THIS IS IN CASE OF A PUBLIC LTD COMPANY

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CA NP Mathi Lingan (Practising Chartered Accountant) (98 Points)
Replied 06 June 2008

Hi Gopala Krishnan,

Your question is not clear, the casual vacancy caused by resignation of earlier auditor was duly filled by the shareholders in the EGM and Form 23 filed for the same, this is conclusive for the appointment of auditor in place of the resigning auditor assuming that the provisions of special notice are complied.

The filing of Form 23AC, 23ACA & 20B for the forthcoming AGM will be as usual under normal circumstances without any special treatment.

Audited accounts is not officially accepted means what?

I believe that it is duly authenticated by the Board of Directors, Company Secretary and subsequently signed by the auditors and received, considered and adopted by the shareholders in the AGM, only after that Form 23AC, 23ACA can be filed.

(Guest)

I need a format of agreement between promotor director and independent dirctor( (I mean icon diretor who simply become board member of company) at the time of appointment of independednt director so that the interest of independent director can be taken care of in case of misdeed of promotor dirctors

Suresh Kumar (Accountant) (0 Points)
Replied 01 July 2008

I need a format of Letter for intimation to apppointment auditor for Tax Audit details and confirmation.

(Guest)

Draft board resolution for appointment of statutory auditor in place of resigning auditor and explanatory statement.

(Guest)

hi,

I need a format for audit agreement to be entered between the Auditor and a client company.

regards

Sonika Bharati

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(Guest)

Dear Sir,

1. I want to draft the intimation letter for the appointment of the Auditor

2. What is the format of 224(1)(B)

Lineesh James (Company Secretary) (30 Points)
Replied 30 September 2008

Prior to appointment in the AGM, an intimation can be given in the following format:

Appointment of Statutory Auditors for the financial year 2007-08

Please note that your appointment will be subject to the approval of the shareholders in the forthcoming Annual General Meeting (AGM) of the company.

Kindly give us your willingness and a written certificate to the effect that the appointment, if made, will be in accordance with the limits specified in sub-section (1B) of Section 224.

Thanking you,

Yours faithfully,

XXX

Company Secretary"

And after appointment in the AGM, the following appointment letter can be issued to the auditors along with a certified copy of the AGM Resolution:

"Dear Sir,

Sub: Appointment of Statutory Auditors

We are glad to inform you that you have been appointed as the statutory auditors of our company, in the Annual General Meeting (AGM) of the members of the company held on _________ to hold office from the conclusion of this AGM till the conclusion of the next AGM at a remuneration that may be decided by the Board of Directors in consultation with you.

A certified copy of the Resolution is attached for your records.

Thanks & Regards

XXX

Company Secretary

Appointment of Statutory Auditors for the financial year ______:

“RESOLVED THAT M/s. ___________________, Chartered Accountants, be and are hereby appointed Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company at a remuneration that may be decided by the Board of Directors in consultation with the Auditors.”

paresh zatakia (C.A.) (143 Points)
Replied 06 October 2008

Originally posted by :Guest

Prior to appointment in the AGM, an intimation can be given in the following format:

Appointment of Statutory Auditors for the financial year 2007-08

We are glad to inform you that your audit firm has been proposed by the Board of Directors of our company for appointment as the statutory auditors of our company to hold office from the conclusion of the forthcoming AGM till the conclusion of the next AGM at a remuneration to be fixed after discussion with the Board of Directors of our Company.

Please note that your appointment will be subject to the approval of the shareholders in the forthcoming Annual General Meeting (AGM) of the company.

Kindly give us your willingness and a written certificate to the effect that the appointment, if made, will be in accordance with the limits specified in sub-section (1B) of Section 224.

Thanking you,

Yours faithfully,
XXX

Company Secretary"

And after appointment in the AGM, the following appointment letter can be issued to the auditors along with a certified copy of the AGM Resolution:
"Dear Sir,

Sub: Appointment of Statutory Auditors

We are glad to inform you that you have been appointed as the statutory auditors of our company, in the Annual General Meeting (AGM) of the members of the company held on _________ to hold office from the conclusion of this AGM till the conclusion of the next AGM at a remuneration that may be decided by the Board of Directors in consultation with you.

A certified copy of the Resolution is attached for your records.

Thanks & Regards

XXX
Company Secretary

Appointment of Statutory Auditors for the financial year ______:

“RESOLVED THAT M/s. ___________________, Chartered Accountants, be and are hereby appointed Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company at a remuneration that may be decided by the Board of Directors in consultation with the Auditors.”

BUT WHAT WILL BE DATE OF INTIMATION FOR AGM OF 2007

chetansi malhotra (Company Secretary(TRAINEE)) (20 Points)
Replied 07 October 2008

Originally posted by :Shekar
"	Hi.. Go through this link.. https://www.google.co.in/search?hl=en&rlz=1G1GGLQ_ENIN278&q=format+of++appointment+letter+of+statutory+auditors+&btnG=Search&meta=cr%3DcountryIN	"