Board Resolution – Appointment of First Auditor

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] HELD ON WEDNESDAY, [DATE], HELD THROUGH VIDEO CONFERENCING AND DEEMED TO BE HELD AT THE REGISTERED OFFICE OF THE COMPANY SITUATED AT PLOT NO. [ADDRESS], [PLACE] – [PIN] AT [TIME]

1. TO APPOINT 1ST STATUTORY AUDITOR

The chairman considered the proposal to appoint [NAME] & Co., Chartered Accountants [FRN], as the 1st statutory Auditor of the company.

The Board, after discussion passed the following Resolution:

RESOLVED THAT, pursuant to the provisions of Section 139, 141, 142 and other applicable provisions, if any of the Companies Act, 2013 read along with the Companies (Audit and Auditors) Rules, 2014 and other applicable provisions, if any, of the rules made thereunder, [NAME] & Co., Chartered Accountants, [FRN], be and is hereby appointed as the first statutory auditor of the Company to hold office from the date of this meeting until the conclusion of the first Annual General Meeting of the Companyto be held in the Financial year [FY], at such remuneration as may be fixed by the Board or Management in consultation with the Auditor.

RESOLVED FURTHER THAT, the Board hereby takes on record and notes the receipt of (a) the written consent of [NAME] & Co., Chartered Accountants, to act as statutory auditor and (b) the certificate of eligibility confirming that the proposed appointee is not disqualified for such appointment.

RESOLVED FURTHER THAT, any of the Directors of the Company be and are hereby authorized severally to do all such acts deeds and things, including necessary filings, if any, with the Registrar of Companies (ROC) as may be necessary to give effect to the aforesaid resolution.

FOR [COMPANY NAME]

___________________________

[DIRECTOR 2 NAME],

DIRECTOR

DIN: [●]

Place:[PLACE]                                               

Date: [DATE]

To,

M/s. [NAME] & Co.,

Chartered Accountants,

[ADDRESS],

[PLACE] – [PIN]

SUB: APPOINTMENT OF YOUR FIRM AS THE STATUTORY AUDITOR

Dear Sir,

With reference to the above subject, we wish to re-appoint your firm as the Statutory Auditors of the company [COMPANY NAME].

You are requested to confirm in writing to signify your eligibility and willingness to continue to act as Statutory Auditors for the FY [FY] until the conclusion of the Annual General Meeting to be held for the financial year [FY] as per the provisions of Section 139 and 141 of the Companies Act, 2013 and rules made there under.

You are also requested to issue a certificate to the company under Section 139 of the Companies Act, 2013 containing the followings:

Your firm satisfies the criteria provided under Section 141 of the Companies Act, 2013;

Your firm is eligible and is not disqualified for appointment under the Companies Act, 2013 the Chartered Accountants Act, 1949 and the rules or regulations made there under;

The appointment is as per the term provided under the Companies Act, 2013;

The appointment is within the limits laid down by or under the authority of the Companies Act, 2013;

Details of any order or pending proceeding relating to professional matters of conduct against any auditor before the Institute of Chartered Accountants of India or any competent authority or any Court and the list of proceedings against the firm or any partner of your firm pending with respect to professional matters of conduct, as disclosed in the certificate, is true and correct.

FOR [COMPANY NAME]

___________________________

[DIRECTOR 2 NAME],

DIRECTOR

DIN: [●]

Place:[PLACE]