Notice for Appointment of Auditors - Section 139(1)
Purpose: The notice is issued to inform the members of the company about the proposed appointment of an auditor or the reappointment of an existing auditor, and to seek their approval through a resolution at the general meeting.
Applicability: The notice is applicable to all companies registered under the Companies Act 2013.
Timeline: The notice should be sent at least 21 days before the general meeting in which the resolution for the appointment or reappointment of the auditor is proposed to be passed.
Exemption: There is no exemption from issuing this notice.
Penalty: The penalty for non-compliance with the notice requirements is a fine of up to Rs. 1 lakh.
Due date: The due date for issuing the notice is at least 21 days before the general meeting in which the resolution for the appointment or reappointment of the auditor is proposed to be passed.
Forms: There is no specific form prescribed for the notice for appointment of auditors.
Reporting authority: The notice should be sent to all members of the company, including the auditor who is proposed to be appointed or reappointed.
