Auditor Appointment in vadapalani - Filingpoint


Welcome to Filingpoint Greatest team For Auditor AppointmentExpert +91 72999 72500

Filingpoint A company requires an auditor to monitor and analyse its financial records to deliver effective analyses and relevant information. These professionals ensure that the company is regulated and in compliance with Indian laws.

However, the procedure of appointing and re-appointing an auditor could be complex as there are different procedures and regulations that need to be followed. This is why, taking the help of an expert like Vakilsearch helps you navigate the process easily.

The Companies Act stipulates that a new company must appoint the first auditor within 30 days of its registration date. If the board fails to do so, then it must convene an extraordinary general meeting (in short EGM) and appoint the auditor at that time. The tenure of the auditor is valid till the conclusion of the first annual general meeting of the company.

If the company is a listed or specified company, then the auditor must rotate after 5 years of service for the same firm. This is to avoid conflict of interest between the auditor and the firm. The auditors should also submit a letter of resignation in writing along with their reason for doing so.

Hence, for all these complicated formalities and requirements, hiring an auditor is essential. However, finding a qualified and experienced professional can be challenging as the job has to be done according to the prescribed standards. In order to save your time and money, you can always choose the services of an expert like Vakilsearch who help you get your auditing work done.

Contact  Our Filingpoint team expert +91 72999 72500

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