A Private Limited Company had obtained status of Dormant Company u/s 455 of Companies Act 2013. During current year i.e. FY 2025-26 it has obtained status of an Active Company. During the intervening period of its dormant status, the tenure of Statutory Auditors of the company has expired.
Query
Now in order to appoint Statutory Auditors of the Company, is the Board of Directors of the Company competent to appoint the Auditors uptil conclusion of next Annual General Meeting, or should an Extra Ordinary General Meeting of the Company be convened to appoint the Statutory Auditors for a period of 5 years. | anreads Forums | anreads