Date: 04/10/2018
This is to inform all the incorporated companies that section 254 of Companies Act, 2016 mandates that a company shall not appoint a single auditor for more than three consecutive financial years, except with the prior written approval of the Royal Audit Authority’.
Therefore, this office would like to remind the management of all the incorporated companies to appoint or change their statutory auditors every year and can be repeated only up to three consecutive financial years. Failure to comply to above notice will invite penalties under the provisions of companies Act.
Registrar of Companies