Ravi Gupta (Student of CA-IPCC CS and M.COM) (243 Points)
12 October 2010
CA SHABIR
(CA)
(336 Points)
Replied 13 October 2010
In this case it shall be deemed that no auditors have been appointed and Registrar is empowered to appoint auditors.
Thanks
CA Sandeep Kumar
(Audit Assistant)
(804 Points)
Replied 13 October 2010
It is a theoritical question. No company will appoint and fail to intimate the same. Now a days, appointment is done only after consulting the auditor, enquiring about the audior, (read proviso to 224 (1) and 224 (1B)). So question does not arise as to non intimation.
Please bear in mind the CG u/s has power to appoint auditors, 224(3), It does not mean that for every minor default of company the CG can be called to appoint. The CG (here MCA) has better work to do than resolving these minor issues.
It is the incabaility of company which will justify conferring power to CG, not otherwise.
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