Is Board resolution required for appointment of auditor?
Is Board resolution required for appointment of auditor?
A resolution copy has to be submitted to ROC in this format while filing ADT-1. While filing ADT-1, in addition to a certified true copy of this resolution you are also required to attach Auditor’s consent letter and Appointment letter.
Can auditor be appointed in Board meeting?
As per sub-section (1) of Section 139 of the Act, the first auditor of a non-government company shall be appointed by the Board of Directors within thirty days from the date of registration of the company and in the case of failure of the Board to appoint such auditor, it shall inform the members of the company, who …
How do you appoint a company’s first auditor?
Section 139(6) of the Companies Act, 2013 lays down that first auditor of a company, other than a Government company, shall be appointed by the Board of Directors within 30 days from the date of registration of the company and in the case of failure of the Board to appoint such auditor, it shall inform the members of …
How do you appoint a statutory auditor?
The Members shall appoint the auditor in the AGM by passing of Ordinary resolution. As per section 139(1) the Company shall inform the auditor concerned of his or its appointment, and also file a notice of such appointment with the Registrar within 15 days of the meeting in which the auditor is appointed.
Is qualified for appointment as auditor of a company?
The firm whereof majority of partners practicing in India are qualified for appointment, may be appointed by its firm name to be auditor of a company. Sub-section (1) of section 141 provides that a person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant.
Can auditor be appointed for 3 years?
Sol. According to Section 139(2): No Company can appoint any Auditor for a period less than 5 year. After completion of 3 year Transitional period as given in third proviso of Section 139(2).
What is appointment of auditor?
After incorporation of a company in the first annual general meeting, an Auditor must be appointed by the Board of Directors. An Auditor so appointed will hold office until the conclusion of 1st Annual General Meeting. …
How and when should an auditor be appointed?
Section 357 of the Companies and Allied Matters Act (CAMA) requires every company to appoint an Auditor or Auditors at every Annual General Meeting (AGM) by way of approval of 75% or three-quarters of the members present and voting at the AGM. Such Auditor(s) appointed at the AGM shall hold office until the next AGM.
How do you appoint an auditor in a government company?
In the case of Government Company, the first auditor shall be appointed by the Comptroller and Auditor General and it will be made within 60 days from the date of incorporation. Further, such appointment shall be noted in the Board meeting held immediately after such appointment.
Who is not qualified for appointment as auditor of a company?
A person who is disqualified for appointment as auditor of the company’s subsidiary or holding company or a subsidiary of that company’s holding company, cannot be appointed auditor of the company.
How do you write a board resolution letter?
How to Write a Resolution
- Format the resolution by putting the date and resolution number at the top.
- Form a title of the resolution that speaks to the issue that you want to document.
- Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.
What is the format for appointment of auditor in first board meeting?
Below is the format for appointment of auditor in the first board meeting of the Company, CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE FIRST BOARD MEETING OF THE BOARD OF DIRECTORS OF <> HELD ON <>DAY, <> AT <> (IST) AT THE REGISTERED OFFICE OF THE COMPANY AT <> Appointment of M/s.
How to appoint auditor in OPC Board meeting?
1 Step 1: Conduct of Board Meeting 2 Step 2: Appoint auditor in OPC Board Meeting within 30 days from OCP date of registration 3 Step 3: Appointment in Extra Ordinary General Meeting or Annual General Meeting within 90 days from registration (If not… 4 Step 4: Filling of form ADT-1 after Appointment in general meeting More
What is the procedure to appoint an auditor in a company?
As per sec 139 (1) of the Companies Act, 2013 every company/OPC shall at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting (AGM).
What is Rule 4 of the Companies (Audit and auditors rules 2014)?
Rule 4 of the Companies (Audit and Auditors) Rules, 2014 prescribes that every Company/ OPC shall inform the auditor concerned of his or its appointment and also file a notice of such appointment with the Registrar in Form ADT-1 within 15 days of the meeting in which the auditor is appointed.
