Query regarding Auditor

    Posted By : damini / Published on : 17-Oct-2019 06:31 AM / View : 40 / Comment : 0
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    Ours is a private company having paid up share capital of 30 crore and no borrowing . An individual was appointed as auditor for 8 years which she will continue up to 31st December 2019. But in this October our paid up share capital will increase up to 66 core and the retire by rotation provision will apply.

    My query is -Whether the auditor can sign the balance sheet for this financial year or she is to resign after the capital increase.

    Members,Please give ur valuable suggestions
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