Appointment of First Auditor in General Meeting by Members - OR

Ordinary Resolution passed at a General Meeting appointing the First Auditor(S) where board fails to appoint within thirty days of Incorporation date

“RESOLVED THAT pursuant to provisos to Sub-section (6) of Section 139 of the Companies Act, 2013, Shri _________, Chartered Accountant, _________, be and is hereby appointed as the auditor of the company to hold office until the conclusion of the first Annual General Meeting on a remuneration of `________ plus reimbursement of out-of-pocket expenses that may be incurred by the auditor in the performance of his duties as auditor of the company."

Explanatory Statement;

The company was registered on ________. The Board of directors of the company failed to exercise its power under Sub-section (6) of Section 139 of the Companies Act, 2013 within thirty days of the date of registration of the company and did not appoint the first auditor of the company.

Therefore, in exercise of its power under the proviso to Sub-section (6) of Section 139 of the Act, the company may appoint the first auditor of the company by passing the proposed ordinary resolution as set out in the notice of the meeting.

None of the directors of the company is concerned or interested in the proposed resolution.

Appointment of First Auditor - BR

Board Resolution for the appointment of First Auditor within 30 days from the date of incorporation under Section 139(6) of Companies Act, 2013

“RESOLVED THAT the consent of the Board of directors be and is hereby given to the appointment of M/s _______ and Co., Chartered Accountants, as the Auditor of the Company to hold office up to the conclusion of the First Annual General Meeting of the company at a remuneration of ` ______ in addition to the out of pocket expenses incurred by them in connection with audit of company accounts.

RESOLVED FURTHER THAT the Secretary of the company be and is hereby directed to give intimation of the appointment to the Auditors so appointed within seven days of the date of this resolution.”