Under section 139(7) of the Companies Act, 2013, who appoints the first auditor of a government company within sixty days from its registration?
Question and options
Under section 139(7) of the Companies Act, 2013, who appoints the first auditor of a government company within sixty days from its registration?
The CAG
The Central Government
The members at a general meeting
The board of directors
Answer and explanation
Section 139(7) of the Companies Act, 2013 requires the Comptroller and Auditor-General of India to appoint the first auditor of a government company within sixty days from registration. Only if the CAG fails to do so does the board appoint the auditor within the next thirty days.
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