Appointment of Statutory Auditors
To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution:
“RESOLVED THAT pursuant to the provisions of Sections 139, 142 and other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014, including any statutory modification(s) or re-enactment(s) thereof for the time being in force and pursuant to the recommendation of the Audit Committee and the Board of Directors of the Company thereof, the consent of the members be and is hereby accorded for the appointment of M/s ______________, Chartered Accountants (ICAI Registration No. _________) as the Statutory Auditors of the Company for a period of 5 (Five) years from the conclusion of this Annual General Meeting till the conclusion of ________ Annual General Meeting in the year _____ in place of M/s._________, Chartered Accountants (ICAI Registration No._________) whose tenure expires at this Annual General Meeting, at such remuneration as shall be fixed by the Board of Directors of the Company.
RESOLVED FURTHER THAT the Board of Directors of the Company (which includes a Committee, constituted for the time being in force) be and is hereby authorized to do all such acts, deeds and things, to enter into such agreement(s), deed(s) of amendment(s) or any such document(s), as the Board may, in its absolute discretion, consider necessary, expedient or desirable including power to sub-delegate, in order to give effect to this resolution or as otherwise considered by the Board to be in the best interest of the Company, as it may deem fit.”
Explanatory Statement
The members of the Company had appointed M/s ___________, Chartered Accountants (ICAI Registration No. __________) as the Statutory Auditors of the Company in the ____ Annual General Meeting (AGM) held on ________ for a period of5 (Five) years to hold the office from the conclusion of ____ AGM to the conclusion of ____ AGM in the Year ___- in terms of the provisions of Section 139 of the Companies Act, 2013.
The tenure of _____ as the Statutory Auditors of the Company will be completed at the end of ______ AGM in the year _____
The Board of Directors of the Company has considered experience and expertise and on the recommendation of the Audit Committee has recommended the appointment of M/s _____________, Chartered Accountants (ICAI Registration No. _____________) as the Statutory Auditors of the Company for a period of 5 (Five) Years to hold the office from the conclusion of the ____ AGM to the conclusion of ____ AGM in the year _____.
As required under the provisions of Section 139(1) of the Companies Act, 2013, the Company has received a written consent from __________ to the effect that their appointment, if made, would be in accordance with the Companies Act, 2013 and the Rules framed thereunder and that they satisfy the criteria provided in Section 141 of the Companies Act, 2013 read with Rule 4(1) of the Companies (Audit and Auditors) Rules, 2014 and that they are not disqualified to be appointed.
Accordingly, the Board recommends the resolution as set out at Item No. ____ of the Notice in relation to the appointment of _____ as the Statutory Auditors of the Company for a period of 5 (Five) years from the conclusion of this Annual General Meeting till the conclusion of _____Annual General Meeting in the year ______, by way of an Ordinary resolution.
None of the Directors and Key Managerial Personnel of the Company and their relatives is concerned or interested, financial or otherwise, in the resolution set out at Item No. ____ of the Notice.