Auditor Appointment in vadapalani - Filingpoint


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Filingpoint Auditors play a significant role in assessing the financial records of firms. They also check the compliance with various Indian laws and regulations. It is imperative to appoint auditors at a timely manner to avoid non-compliance issues.

In case of a new company, the Company Act demands that the Board of Directors must fill any casual vacancy in the office of an auditor within thirty days. The appointment should be approved by the shareholders in an Extra-Ordinary General Meeting convened within three months of the recommendation of the Board and the auditor should hold the office till the conclusion of the next Annual General Meeting.

The company must inform the members about the casual vacancy and the proposed appointment of the auditor in writing. The Company must also intimate the ROC about the same by filing Form ADT-1. After the auditor is appointed, the company must file a copy of the appointment letter with the ROC.

If the company is a government company, the Comptroller and Auditor-General of India appoints the first auditor of the company. After that, the company must follow the same procedure as of a private limited firm.

The Company Act requires that the auditor should be a qualified and experienced professional. It is also mandatory to conduct an audit of the company every year. Moreover, the auditor must have in-depth knowledge of the Companies Act, rules and regulations. Also, the auditor should have good communication skills to understand the requirements of the firm and its operations.

Contact  Our Filingpoint team expert +91 72999 72500

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