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How to remove old auditors in order to instate new audiors


26-Sep-2023 (In Corporate Law)
Hello, Our company went through a huge loss and we are in the process of closing it down. Our Old Audit firm was unresponsive and there were some misses and we were not happy with their services. We have appointed a new Audit Company - However our old audit firm are demanding a huge amount that they are showing outstanding on their system to give us a Notice for the new Audit company to file at MCA etc. We need help in getting the old Audit firm removed - so that we remain compliant. Please suggest ways on how we could execute it as we are now being armtwisted. Thanks
Answers (1)

Answer #1
800 votes
You can remove auditor as per provisions mentioned under section 140(1) of the Companies Act, 2013 to be read along with its rules. First you have to approve the removal of auditor in Board Meeting and then have to approved by shareholders in general meeting by passing special resolution. Within 30 days of passing resolution you have to make application for approval of removal of auditor in Form ADT-2 from Central Government i.e. Regional Director. For further assistance you can call me and take my appointment
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