Ramlal Nath (Assistant compliance officer) (24 Points)
10 November 2011Hi Frnds,
There is a pvt. ltd. Company, which has appointed an auditor in AGM ( Sept.2011). but the auditor resign. company is willing to appoint a new auditor to audit books of accounts for march 2012. whether NOC is required from old auditor or not.
Please suggest me.
Regards,
RAM
Shaila
(Officer- Group companies Secretarial Dpt.)
(52 Points)
Replied 11 November 2011
Hi,
when the Company want to change its auditor, the NOC of old auditor is required...In you case the old auditor has already resigned, therefore his resignation letter is sufficient to appt new auditor.Please consider other members view on this.
Regards,
Shaila
Sweety Rai
(Nil)
(61 Points)
Replied 11 November 2011
U CAN TKE THR NOC FRM RESIGNED AUDITORS ON SAIF WAY. OTHR WISE N'T REQUIRED.
CA.SKR
(CA; CS-Final (One Group); DISA (ICAI); Insolvency Professional)
(442 Points)
Replied 12 November 2011
In my opinion, no NOC is required by the company for appointment of new auditor. But, under regulations of ICAI, the new auditor, who is proposed to be appointed, has to take NOC from previous auditor, otherwise new auditor will be guilty of professional misconduct.
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