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Ajay asked 1 year ago

Key point -4(Bengaluru)
1.) If the current auditor takes break, then is it possible to appoint new auditor ?
2.) If auditor takes break will he/she be exposed to penalty as the have given there concent letter to audit for 5 / 10 AGM as the case may be ?

3 Answers
RaviRavi Staff answered 1 year ago

–yes its possible
–auditors have right to resign under sec 140 no penalty for it

Pranjal AgrawalPranjal Agrawal answered 1 year ago

Does rotation of auditor applies to Dormant Companies? In plain text it’s not excluded but in Sir’s Summary notes, Dormant Companies have been excluded from applicability of Rotation of Auditors. 

RaviRavi Staff answered 1 year ago

No, Dormant Companies are Exempted from Rotation.

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