Share :
Draft of resolution for appointment of internal auditor

It is necessary for a company to pass a Board resolution for the appointment of an internal auditor. Further, in case of a public company, the resolution passed by the Board of company for appointment of an internal auditor should be filed in Form MGT-14 with the concerned Registrar of Companies within 30 days of passing Board resolution.

Format of resolution for appointment of internal auditor

The Chairman explained the Board about the applicability of Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014 on the Company.

The Chairman suggested the name that the Company should appoint Mr. __________ as Internal Auditor for the financial year _____. The Board after due discussion passed the following resolution with unanimous consent:

RESOLVED THAT under the provisions of Section 138 of the Companies Act 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014 and other applicable provisions if any of the Companies Act, 2013, the consent of the Board of Directors be and is hereby accorded for the appointment of Mr ________, Resident of _____________, as the Internal Auditor of the Company for the Financial Year ______ at such remuneration as may be mutually agreed upon between the Board of Directors of the Company and Internal Auditor.”

RESOLVED FURTHER THAT the draft copy of engagement letter for the appointment of Mr____ as Internal Auditor for the Financial Year ____ as placed before the Board be and is hereby approved and the Chairman initialed the same for identification.”

RESOLVED FURTHER THAT Mr. _______ (DIN:____), Director of the Company be and is hereby authorized on behalf of the Company to do all such acts, deeds, matters, things as are considered necessary and expedient to give effect to this resolution including the filing of necessary forms with the office of concerned Registrar of Companies.” 

Related

Applicability of Internal Audit


Share :
TaxGyata Team

TaxGyata Team