APPOINT / REAPPOINT AUDITORS
INCASE OF NEW COMPANY
[Statutory u/s (139)/ Cost u/s (148) / Secretarial u/s (204)] Rule13 of the Companies
(Audit & Auditors) Rules, 2014, There are three type
a) Incase of new company,
b) Incase of reappointment
c) Incase of change in auditors of company.
INCASE OF NEW COMPANY
SR. NO. | CHECKLIST |
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1. | Hold the Board Meeting within 30 days of Incorporation and appoint the auditors Section 139(6) |
2. | Consent of Auditors has to be obtained and declaration that they are eligible for appointment and there appointment is within the ceiling |
3. | Appointment letter has to be given to the Auditors within 15 days. |
4. | File Form ADT1 as annexure to Form GNL2 within 15 days of the date of appointment |
5. | a. In case Board does not appoint auditors within 30 days a GM will be called in 90 days for appointment of Auditors |
b. File MGT14 within 30 days of passing SR | |
c. File ADT1 as annexure to Form GNL2 within 15 days from the date of appointment |
INCASE OF REAPPOINTMENT
SR. NO. | CHECKLIST |
---|---|
1. | With effect from 1st Apr’14 an Auditor will be re-appointed for a period of 5 years U/s139(1) of CA, 2013 however at every AGM held within 5 years the matter will be placed for ratification by members |
2. | Consent of Auditors has to be obtained and declaration that they are eligible for appointment and there appointment is within the ceiling |
3. | Appointment letter has to be given to the Auditors within 15 days. |
INCASE OF CHANGE IN AUDITORS OF COMPANY
SR. NO. | CHECKLIST |
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1. | The Company is informed of resignation of Auditors or their disability to act as Auditor |
2. | Hold the Board Meeting to accept resignation and select new Auditors |
3. | NOC has to be obtained from old auditors |
4. | Consent of Auditors has to be obtained and declaration that they are eligible for appointment and there appointment is within the ceiling |
5. | GM will be called within 21 clear days for appointment of Auditors |
6. | Appointment letter has to be given to the Auditors within 15 days. |
7. | File MGT14 within 30 days of passing SR |
8. | File ADT1 as annexure to Form GNL2 within 15 days from the date of appointment |