Board resolution format for recommending a five-year statutory auditor appointment under Sections 139 and 142, with Rule 4 consent and ADT-1 within 15 days.
“RESOLVED THAT pursuant to Sections 139, 141 and 142 and other applicable provisions, if any, of the Companies Act, 2013 read with Rules 3 and 4 of the Companies (Audit and Auditors) Rules, 2014, [on the recommendation of the Audit Committee and] on the basis of the written consent and eligibility certificate received from the proposed auditor, the Board hereby recommends to the members the appointment of M/s [●], Chartered Accountants (Firm Registration No.: [●]), as the Statutory Auditors of the Company for a term of five consecutive years, to hold office from the conclusion of the [●] Annual General Meeting until the conclusion of the [●] Annual General Meeting, at a remuneration of ₹[●] (Rupees [●] only) for the financial year [●] plus applicable taxes and out-of-pocket expenses, with the remuneration for the remaining years to be fixed by the Board [on the recommendation of the Audit Committee].
RESOLVED FURTHER THAT the appointment be included as ordinary business in the notice of the [●] Annual General Meeting, and any Director and/or the Company Secretary of the Company be and is hereby severally authorised, on the appointment being approved by the members, to file e-Form ADT-1 with the Registrar of Companies within fifteen days of that meeting and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”