New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In relation to appointment of auditors under the

    Companies Act, 2013, which of the following statements are correct? (i) Section 129 of the Companies Act, 2013, provides for appointment of auditors. (ii) Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor of the company. (iii) An individual auditor who has completed his term (i.e., one term of five consecutive years) shall not be eligible for re-appointment as auditor in the same company for five years from the completion of his term.
    A All (i), (ii) and (iii) Correct Answer Incorrect Answer
    B Only (ii) and (iii) Correct Answer Incorrect Answer
    C Only (i) and (ii) Correct Answer Incorrect Answer
    D Only (i) and (iii) Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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