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    Question

    ___________ may fix remuneration of the first auditor

    appointed by the Board as per section 142 of the Companies Act
    A Board Correct Answer Incorrect Answer
    B Director Correct Answer Incorrect Answer
    C Members Correct Answer Incorrect Answer
    D Shareholders Correct Answer Incorrect Answer

    Solution

    Section 142. Remuneration of auditors: (1) The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein. Provided that the Board may fix remuneration of the first auditor appointed by it.

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