Ordinary Resolution For Appointment of First Auditor

Ordinary-Resolution-Appointment-First-Auditor

Ordinary Resolution For Appointment of First Auditor

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.

FURTHER RESOLVED THAT for the purpose of giving effect to this resolution, Shri ………………….. of the Company be and is hereby authorised, on behalf of the Company, to do all acts, deeds, matters and things as deem necessary, proper or desirable. 

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 and/or KMP of the company is/are concerned or interested in the proposed resolution.
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