Checklist for Appoint / Reappoint of Auditor

APPOINT / REAPPOINT AUDITORS

[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
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
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