can first auditor removed by board of dirctor at statutory meeting.........
rajeev kumar, bcom ca-final (study) (196 Points)
16 October 2011can first auditor removed by board of dirctor at statutory meeting.........
CA Rachit Gupta
(Chartered Accountant)
(1315 Points)
Replied 16 October 2011
No Rajeev, at AGM first auditors can be removed only by passing ordinary resolution, board of directors has no power to remove the auditors (whether first of subsequent) at AGM.
SANJEEV
(CA Final (B.COM))
(189 Points)
Replied 17 October 2011
Company can remove First Auditor in GM not in any other case..
Agree with
Rachit gupta
gillbates
(student)
(277 Points)
Replied 17 October 2011
Originally posted by : rajeev kumar, bcom ca-final | ||
can first auditor removed by board of dirctor at statutory meeting......... |
Pradeep Singh
(article)
(65 Points)
Replied 17 October 2011
CA Rachit Gupta
(Chartered Accountant)
(1315 Points)
Replied 17 October 2011
Dear pradeep
In section 224(5), it is clearly mentioned that for removal of first auditor ordinary resolution must to passed. Moreover, ordinary resolution is passed only by the shareholders in a general meeting.
So In my opinion board has no power to remove the auditors(whether first auditor or subsequent auditor)
CA Arindam Dey
(Chartered Accountant)
(117 Points)
Replied 17 October 2011
CA Vikas Jindal
(+ve)
(229 Points)
Replied 17 October 2011
can b removed by shareholders in GM (AGM or EGM)