Before appointing a statutory auditor, the company should obtain the proposed auditor's written consent and required eligibility confirmation and complete the corporate documentation applicable to the appointment. CorporateWalla assists with preparing and coordinating auditor consent, eligibility/disqualification declarations, Board and shareholder resolutions, appointment letters and applicable MCA filing documentation.
Auditor consent is the proposed auditor's written confirmation that the auditor is willing to accept the appointment.
Consent should be obtained before the company completes the appointment process.
Consent is different from:
For company auditor appointment, the proposed auditor is required to provide the relevant confirmation that the auditor satisfies the applicable eligibility and is not subject to the statutory disqualifications.
The precise wording and supporting information should be based on the current Companies Act, applicable Rules and the facts of the appointment.
Do not use a generic historical “eligibility certificate” template without checking the current legal requirement.
Auditor appointment is principally governed by Section 139, while auditor eligibility and disqualification are addressed under Section 141.
A complete appointment document pack should therefore establish:
Depending on the appointment, the confirmation can address:
The final document should be based on the current statutory and professional requirements rather than a fixed generic template.
Confirms willingness to accept appointment.
Confirms that the proposed auditor satisfies the legal requirements and is not disqualified.
Addresses relevant independence and professional considerations.
These documents can be combined where the applicable format permits, but they represent different compliance concepts.
The company may issue an appointment letter setting out the agreed terms.
Depending on the engagement, this can cover:
The appointment letter should not override statutory requirements.
The Board resolution should reflect the actual appointment route.
It may cover:
Do not use a “Board appointment” resolution where the law requires another approving authority.
Where an Audit Committee is applicable, its recommendation should be incorporated into the appointment workflow.
The committee may consider:
The exact requirements depend on the company's status and applicable law.
For companies covered by mandatory rotation, the appointment pack should include an appropriate tenure review.
Review:
See Auditor Rotation.
The appointment review should consider Section 141 matters such as:
The company should also assess whether the proposed auditor or relevant firm is providing services restricted under Section 144.
This is particularly important where the auditor already provides:
Do not treat every consulting service as prohibited without checking the current statutory wording.
For reappointment, additionally review:
Do not simply copy the previous year's declaration without confirming that the facts remain current.
Where the auditor is appointed to fill a casual vacancy, the pack should additionally document:
The company must complete the applicable statutory filing/intimation for auditor appointment within the prescribed period.
Important: The filing is not the same thing as the legal appointment.
The company should first complete the required corporate approval and then make the applicable filing based on the current MCA process. The applicable form and timeline should be checked against the current MCA V3 instructions.
Retain:
The filing record should be stored with the company's statutory records.
Companies Act forms and professional requirements can change.
Consent only establishes willingness to act; eligibility is a separate legal test.
A consent does not make an auditor eligible where mandatory rotation prevents appointment.
Eligibility and independence should both be reviewed.
A previous-year declaration may not reflect current facts.
Where member approval is required, a Board resolution alone is insufficient.
The statutory corporate appointment precedes the filing/intimation.
CAG-related appointments require separate treatment.
LLPs follow a separate legal framework.
Auditor documentation support is scope-based. Fees may depend on:
Timeline depends on:
Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.
Timeline: Quoted on appointment type and company type
Timeline: Quoted on documents and approvals required
Timeline: Quoted on listed / government status and group complexity
Government fee — paid by you at actuals
MCA filing fees, where applicable, are separate from the professional fee and are paid at actuals.
Every price above is a professional fee, excluding GST and government charges. 50% on delivery.
Auditor documentation support is quoted on scope, because the work depends on the appointment type, company type, listed or government status, Audit Committee involvement, rotation analysis, number of documents, group-company complexity, MCA filing and any resubmission handling. The professional fee excludes GST and government fees.
Determine whether this is a first auditor, subsequent appointment, reappointment, rotation, casual vacancy, government/CAG appointment or listed/special-sector appointment.
Collect the name, individual/firm status, CA/firm details, partner details and previous appointment history.
Complete the Section 141 review.
Review professional independence and restricted services.
Obtain current documents from the proposed auditor.
Prepare the applicable Audit Committee recommendation, Board resolution, general meeting notice, shareholder resolution and appointment letter.
Obtain the approval required for the specific appointment.
Complete the applicable MCA process.
Keep the signed and filed records together.
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Consent, eligibility/disqualification declarations and independence confirmations are obtained as current documents from the proposed auditor, not copied from an old template.
Resolutions reflect the actual appointment route, so a Board resolution is not used where the law requires another approving authority.
The appointment letter sets out the agreed terms, scope, responsibilities and remuneration without overriding statutory requirements.
The applicable MCA filing is prepared after the corporate approval is complete, and the filed form, SRN and acknowledgement are retained with the statutory records.
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