Please guide, a PCS was appointed as a secretarial Auditor in a Company earlier this FY & recently a month back he has registered his own proprietorship firm with institute, Does it require any change in appointment from Individual PCS to Firm or earlier appointment stands good?
auditors
secretarial
appointment
Dear Members
A auditor resigned due to lack of time.
he stated same reason in his ADT 3
Q1- Now Is it a casual vacancy or casual vacancy caused by resignation?
If its casual vacancy by resignation then we understand that BOD can appoint auditor subject to approval by EGM in 3 months.
Q2-In this connection should ADT1 be filed within 15 days of BOD appointment or within 15 days Only after approval by EGM?
please guide
Dear all,
The appointment of 1st auditor of the company as the statutory auditor in the 1st AGM of the company should be for 4 years considering that he has audited the balance sheet of the current year, thereby completing a term of 5 years (1+4). Or does he have to be appointed for 5 years starting from the conclusion of the 1st AGM.
appointment
auditor
An Individual Auditor is appointed on 01/08/2018 due to casual vacancy arise due to resignation for F Y 2017-18, Auditor gives consent letter till the conclusion of AGM. But he is appointed for 5 years in AGM held on 05/09/2018.In Dec 18 Individual firm is converted into Pship Firm.
1 Can New Consent letter is required for 5 years from Individual Firm appointed in 05/09/2018.
2 Can we appoint Pship Firm as new auditor and ADT 1 is filed.
firm
auditor
statutory
appointment
Is tenure for appointment of auditors mandatory to be for 5 years or lesser period is possible. Incase of a private company
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appointment
Dear Members,
Abc Pvt ltd is incorporated on 25/12/2017 and statutory auditor are appointed in 1st AGM held on 25/09/2018 for 5 years. But Statutory Auditor deny to Audit of 2018-19.
Can we appoint new auditor ?
Please advice what steps to be taken in above situation
auditor
statutory
resignation
Dear Members,
I have a general question, not specific to any particular case, just a topic for discussion and knowledge enhancement. Can a Auditor be appointed for less than 5 years, for example 2 or 3 years for a private limited company? Never came across such a situation. As per Section 139 and also the rules it says 5 years maximum. This question was posed by another professional friend of mine. Views of esteemed members of this group are solicited.
Thank you.
Regards,
Amrutha Iyengar
Practicing Company Secretary
appointment
auditor
Dear Members
My company was struck off and I was unable to file any e-Form for the period 2017-18 and 2018-19.
I want to have my auditor resigned on the date in period 2017-18 and the auditor has also agreed to resign. He even submitted a resignation letter and acknowledgement was received from the Company in the date in period 2017-18. But the auditor is not ready to sign on ADT-3 saying that if he signs the ADT-3 now for the period 2017-18, penalty will be imposed on him. But the problem is we couldn't have filed the form since the company was struck off.
Please suggest a solution to this problem.
Dear All
Anybody done the casual vacancy of Auditor and appointed the same in AGM instead of EGM?
If done kindly let me know the detailed procedure.
Thanks in advance.
auditor
appointment
HELLO EVERYONE
IS IT NECESSARY TO INCLUDE ANY KEY AUDIT MATTER IN THE AUDITOR REPORT WHICH IS NEW FORMAT FOR 2019.
IN CASE OF SMALL PRIVATE COMPANIES (SAY 1 LAKH CAPITAL AND 3 LAKHS TURNOVER ), AUDITORS HAVE NOTHING TO SAY MUCH ABOUT AUDIT
KINDLY ADVISE
Dear Sir,
A PVT coy appointed a proprietor auditor for 5 year, now the auditor has joined as partner in a partnership audit firm.
What will be procedure for such change in status of the auditor appointed.
Even if the status changes to partnership firm, he will be the partner to sign on behalf of the partnership for this company.
Kindly guide. As there is no resignation. proprietary auditor cease to be hold of office on change of status from proprietary to partnership firm, isn't it? there is change of pan to be registered for statutory auditor in mca.
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
