auditor term
Yes, as per Section 139 of the Companies Act, 2013, the appointment of an auditor shall be ratified by members at every AGM, and Form ADT-1 shall be filed with the Registrar of Companies within 15 days of the AGM. Therefore, even if the new auditor has been appointed, Form ADT-1 needs to be filed again at the next AGM for ratification.
As per Section 139 of the Companies Act, 2013, the tenure of the auditor shall be for a period of 5 consecutive years. The counting of 5 years starts from the conclusion of the AGM at which the auditor was appointed. Therefore, the tenure of the newly appointed auditor shall start from the conclusion of the AGM at which the auditor was appointed, and it shall continue for 5 consecutive years.
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Hi Everyone,
Will the following person is considered as a Related Party in a Private Company:
1. Private Trust who is a shareholder of the Pvt Company
2. Public Trust who is a shareholder of the Pvt Company
transaction party related
Dear all,
What are the consequences of not regularizing Additional Director in Annual General Meeting. What can be solution to get rid of additional fee?
director additional regularization
Hi,
Company A is a Public Limited registered on 2019, with 7 share holders out of which 3 are promoters. As per the requirements the Company take ISIN and demated the shares of 4 share holders (promoters and directors). Further the company has increased capital and allotted new shares and added new shareholders too. The initial subscriber (3) shareholders holding less than 1% is not open demat account and not complied with the procedures even after follow-ups and they were not responding to companies communications. What are your thoughts? whether its a mis compliance if 100% shares are demated? Is there any ways available to forfeit that shares? Or to transfer to IEPF?
minority shareholders response demat conversion shares deal
Dear Professionals,
Can anyone suggest me the documents for increase in capital contribution in LLP.
Dear Members,
The Number of Directors fall below 5 in producer co due to death of 1 director & company has appointed another due to this vacancy after 6 month is this amount noncompliance?
As per AOA the minimum requirement for director is 5.
Dear Professionals,
Being a PCS before affixing DSC of any Promoter on any Form under Companies Act. is it mandatory to take written Authority Letter for the same?
Thanks,
affixing
Dear Professionals,
Is DPT-3 Applicable on OPC Companies Also?
Thanks
applicability
Dear All,
Greetings of the day
Kindly guide me that the procedure followed for change in the regd off within the city of a private Ltd Co is same as the change in the regd off of a subsidiary Co. Holding Co is a foreign Co.
As per the Companies Act, 2013, the term of an auditor is as follows:
Appointment: An auditor is appointed by the shareholders of a company at the annual general meeting (AGM) of the company for a term of five consecutive years.
Re-appointment: An auditor can be re-appointed for a further term of five consecutive years at the end of the first term by passing a resolution at the AGM, subject to certain conditions.
Rotation: After two consecutive terms of five years each, the auditor must be rotated and a new auditor must be appointed for a term of five years. This rotation requirement applies to all companies, except one-person companies and small companies.
Removal: An auditor can be removed before the expiry of his/her term by passing a special resolution at a general meeting of the company, subject to certain conditions.
Resignation: An auditor can resign from his/her post by giving notice in writing to the company and the Registrar of Companies (ROC).
Casual vacancy: If an auditor vacates his/her office before the expiry of his/her term, the company must appoint a new auditor to fill the vacancy within 30 days. The new auditor will hold office until the conclusion of the next AGM.
It is important to note that the above-mentioned provisions are subject to any rules or regulations that may be prescribed by the government or any other regulatory authority from time to time.