Apni Law Staff asked 1 year ago
As a small-scale manufacturing unit owner in Delhi, my wife and I have been running our company for 8 years. Our annual turnover is around ₹30 lakhs. We’re facing a tough situation with our current auditor who seems to be taking advantage of us. Despite settling all previous dues, he’s demanding an additional ₹1 lakh claiming it’s from the 2014-15 financial year. He hasn’t provided us with complete company data, including crucial sales tax assessments for several years, and even failed to file the Balance Sheet with the ROC for 2014-15. We’ve requested all our documents back and his resignation, but he’s holding them hostage for the payment. How can we replace him without facing legal complications?
Best Answer
Apni Law Staff answered 1 year ago
You can legally terminate the auditor’s services by providing him with written notice, specifying the reasons for termination. However, since he’s holding your documents, you should engage a new auditor to retrieve them and file the necessary paperwork. If he continues to withhold documents, you can file a complaint with the Institute of Chartered Accountants of India (ICAI) for unprofessional conduct.
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