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    Wheather notice of AGM required to mention provision of ractification

    Posted By : Divya Saluja / Published on : 15-Oct-2018 10:58 PM / View : 571 / Comment : 1

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    Dear Members,

    As per Companies Act, 2013 Statutory Auditor shall be appointing for 5 financial years subject to ratification by members in every AGM. However, Companies (Amendment) Act, 2017 removed the provision of ratification from the Act. In such case whether Notice of AGM required to mention point in relation to Statutory Auditor?
    Read more on : provision ractification mention required notice wheather

    •  

      Dear Divya,

       Find below the answer to your query-

       Before notification of section 139 of Companies Amendment Act, 2017 w.e.f. 07th May 2018 every year in AGM Notice, companies were required to mention the ratification of an auditor.

      However, this provision has been removed from Act w.e.f 07.05.2018, therefore, every notice of AGM to be issued on or after 07.05.2018 no need to mention the point (Ratification) in relation to auditor until and unless there is an appointment of auditor.

       

      15-10-2018 / 05:17:44 AM
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