According to the Companies Act, 2013, the first auditor of a company other than a government company is…
The Board of Directors appoints the first auditor of a company other than a government company within 30 days of registration. If the Board fails, it must inform the…
Choose your answer
According to the Companies Act, 2013, the first auditor of a company other than a government company is appointed by:
Answer and explanation
Correct answer A
The Board of Directors appoints the first auditor of a company other than a government company within 30 days of registration. If the Board fails, it must inform the members, who appoint the auditor at an extraordinary general meeting within 90 days. The shareholders' fallback role does not replace the Board's initial statutory responsibility.
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