Statutory auditor Sharp & Tannan Associates converts into an LLP; audit engagement unchanged
Autoline Industries' statutory auditor M/s. Sharp & Tannan Associates has converted into a Limited Liability Partnership, now Sharp & Tannan Associates LLP.
By ScoutQuest · · 1 min read
- New firm name
- M/s. Sharp & Tannan Associates LLP, Chartered Accountants
- LLPIN
- ADC-6382
- ICAI Firm Registration Number
- 109983W/W101313
What the company told the exchanges
Autoline Industries has informed BSE and NSE that its statutory auditor, M/s. Sharp & Tannan Associates, Chartered Accountants, has been converted into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008. Following the conversion, the firm will be known as M/s. Sharp & Tannan Associates LLP, Chartered Accountants.
Updated particulars of the auditor
- Name: Sharp & Tannan Associates LLP
- LLPIN: ADC-6382
- ICAI Firm Registration Number: 109983W/W101313
- PAN: AAAFS1034J (unchanged)
- Registered office: unchanged
What stays the same
- The company states there is no change in the audit engagement.
- The LLP will continue to act as the statutory auditor and discharge its duties and responsibilities for the remaining tenure of its appointment.
What is an LLP conversion
- A chartered accountancy firm can be organised as a partnership or as a Limited Liability Partnership.
- Converting to an LLP changes the legal structure of the firm itself; the audit relationship with the company carries on under the new entity.
- The firm registration number quoted carries the earlier number and an LLP-specific number, reflecting the same firm continuing in its new form.
How to read this
- This is a change in the auditor's own legal structure, not a change of auditor for the company. The same firm continues in the role.
- No change in the engagement or the remaining tenure of appointment is stated, so continuity of the audit is maintained.
- The intimations are informational in nature, recording the updated details of the auditor on the exchanges' records.
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