Appointment of New Auditor

[Pradeep Kaushik]

Dear All,

Audit firm's tenure expired in FY 2014-15. Company do not re-appoint the existing Auditor and appoint a new auditor in AGM. But the Intimation to new auditor was delayed by 2.5 months. .

For Example:

Consent received from New Auditor - 10 Sept 2015

Board of director's Meeting - 17 Sept 2015

AGM (Appointment of New Auditor)- 30 Sept 2015

Intimation of Appointment to New Auditor- 15 Dec 2015 (There is delay for 2.5 Month for Intimation)

In this case does casual vacancy arise in the Company. Is there any impact on Audit firm and Company because of this delay.

What should be best process to avoid the mis-compliance.

Your expert opinion is requested.

With Best Regards

AI Summary

Delay in Auditor Appointment Intimation Raises Questions on Casual Vacancy and Compliance Post-AGM. An inquiry was raised about the delayed intimation of a new auditor's appointment by 2.5 months after the Annual General Meeting (AGM) in a company where the previous auditor's tenure expired in FY 2014-15. The timeline included receiving the new auditor's consent on September 10, 2015, a board meeting on September 17, 2015, and the AGM on September 30, 2015, with the intimation made on December 15, 2015. The query sought clarification on whether this delay constituted a casual vacancy and its implications for both the audit firm and the company, along with suggestions to prevent non-compliance.