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Board Resolution Format for Appointment of First Auditor

FORMAT OF BOARD RESOLUTION FOR APPOINTMENT OF THE FIRST STATUTORY AUDITORS

Template of the item of agenda for appointment of first auditors in the minutes of meeting of the board of directors.

#. Appointment of Statutory Auditors

The Board was informed that as per the provisions of section 139(6) of the Companies Act, 2013 it was required to appoint the statutory auditors for the company within 30 days from the date of registration of the company.

The Board was further apprised that the management has approached M/s. .................., Chartered Accountants, a reputed firm of experienced professionals, having their main office at ........... M/s. .................., Chartered Accountants have shown their interest and given consent to act as the auditors of the company.

The Board considered the matter, and upon motion duly made and seconded, it was: 

“RESOLVED THAT pursuant to the provisions of Section 139(6) of the Companies Act, 2013 ('the Act'), M/s.................., Chartered Accountants (Firm Regn. No. ................), who have consented for appointment and have issued a certificate in terms of section 139(1) of the Act, be and is hereby appointed as the first auditors of the company to hold office until the conclusion of the first annual general meeting of the company at the following remuneration terms:
 1) Audit fees: Rs. ................/- (excluding GST)
 2) Out of Pocket expenses: At actuals.”

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