Procedure for Appointment and Removal of Auditor

Procedure for Appointment and Removal of Auditor

Procedure of Appointment of Auditor

  • Passing the resolution for appointment of Auditor
  • Obtaining Consent and Certification from the Auditor
  • Intimation to Auditor of his appointment
  • Notice to registrar by filing form ADT-1

Procedure of Removal of Auditor

  • Deciding the Board Meeting along with agenda to be discussed in meeting.
  • Auditor has to be given reasonable opportunity of being heard.
  • Filing to Regional Director in ADT-2 for permission for removal of Auditor within thirty (30) days from the passing of Board resolution.
  • After getting approval from Regional Director fixing the Board meeting for taking the note of same and approving as well as fixing the Extra-ordinary General Meeting of members/ Annual General Meeting for removal of auditor before their term within sixty (60) days.
  • Holding of Extra-ordinary General Meeting of members/ Annual General Meeting and passing of special resolution for same.
  • Filling of MGT-14 once, the Special resolution is filled within thirty (30) days from the Special resolution.