Who appoints the cost auditor of a covered company under section 148(3) of the Companies Act, 2013?
Question and options
Who appoints the cost auditor of a covered company under section 148(3) of the Companies Act, 2013?
Central Government
Shareholders
Board of Directors
C&A-G
Answer and explanation
Correct answer: C - Board of Directors
Under section 148(3) of the Companies Act, 2013, the cost auditor is appointed by the Board of Directors, while the members determine the remuneration. The Central Government decides which companies need a cost audit but does not appoint the auditor, and the Comptroller and Auditor-General plays no part in this appointment.
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