Gee & Kay Ltd. has appointed Rajshekhar & Co., a Company Secretaries firm as the Secretarial Auditor for the year ended 31st March 2021. The Secretarial Audit of the company for the previous year was performed by

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2021
Gee & Kay Ltd. has appointed Rajshekhar & Co., a Company Secretaries firm as the Secretarial Auditor for the year ended 31st March 2021. The Secretarial Audit of the company for the previous year was performed by Suryadev & Co Is Rajshekhar & Co., required to communicate with the previous auditor before accepting such engagement ? If yes, draft a letter to be addressed to the previous incumbent.

Answer & Explanation:

Yes, Rajshekhar & Co. is required to communicate with the previous auditor i.e. Suryadev & Co. before accepting such engagement. A specimen communication in this regard is given as under: To CS Suryadev & Co. Address ............ Dear Sir, Sub.: Intimation in terms of Clause 8 of the First Schedule to the Company Secretaries Act, 1980 I, CS Rajshekhar Partner, M/s. Rajshekhar& Co., a firm of Company Secretaries have been approached by the Management of M/s. Gee & Kay Ltd. to provide the secretarial audit services (list of professional services) for the FY 2021-22. vide their letter No. .......... dated .......... We understand that earlier the abovementioned professional services were being rendered by your good self to Gee & Kay Ltd. during the Financial Year 2020-21. I/We request you to kindly take this communication as an intimation to be given to the previous incumbent in terms of Clause 8 of the First Schedule to the Company Secretaries Act, 1980. Regards, For M/s Rajshekhar& Co., Firm Unique Code CS Rajshekhar

Topics: Secretarial Audit

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