Appointment Auditors

Auditors are required for signing the audited financials of the company.
As per the Companies Act , 2013, a statutory auditor is a mandatory requirement. To analyze and understand the financial records a company must appoint an auditor.
The company’s books of account is important in filing income tax returns and profit and loss details for every financial year.
Financial evaluation of the company done by the auditors helps to take important measures for the company’s wellbeing.
The auditors assess risks, economy, efficiency, quality of the company’s financial position.
They help the management to understand their financial system.

Why register with Earendil

Our Chartered Accountant will guide you through the process. He/she will be your single point of contact for registration assistance and for all other services that we offer.
Our motto is “You only do what you do best; to us, leave the rest”. We assure that once we start our relationship, you wouldn’t have to think about the areas which we handle.
We take care all the documentation and follow up with the Ministry of Corporate Affairs to ensure that the appointment of the Auditor is registered with Registrar of Companies at the earliest.
We want you to not just Start Your Business, but also Run Your Business. With us, your first month of compliances such as TDS, GST and processes such as payroll and accounting are free to ease you into your business.
We will also assist you with setting up and documenting Standard Operating Procedures (SOPs) for your business.

Auditor of the company must be appointed within 30 days of the company incorporation.
The auditor is appointed by the Board of Directors.
Only a practicing Chartered Accountant can be appointed for the company.
The company must get the written consent from the auditor before appointing.
The auditor must be appointed as the criteria provided in Section 141 of the Companies Act, 2013.
After appointing, the board of directors must pass a resolution of the same.

If the Board of Directors don’t appoint an auditor within the time period, a 90days extension is given and an auditor is appointed at the extraordinary meeting.
A company can appoint an individual as an auditor only for a single term in 5 consecutive years.
A company can appoint an audit firm only for two terms in 5 consecutive years.