Question
The first auditor of a company (other than government
company) is appointed by the ______ within ______ of registration of the company by passing a valid resolution.Solution
First Auditor of a company, other than Government company, to be appointed by the Board of Directors within 30 days of registration of the Company. Upon failure by Board to do so, the shareholders to appoint first auditor within 90 days in an Extraordinary General Meeting (EGM); such auditor to hold office till conclusion of first annual general meeting (AGM).
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