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      Question

      The appointment of a Statutory Auditor in a company is

      done by:
      A The Board of Directors Correct Answer Incorrect Answer
      B The Management Correct Answer Incorrect Answer
      C The Shareholders in the AGM Correct Answer Incorrect Answer
      D The Central Government Correct Answer Incorrect Answer
      E The C&AG Correct Answer Incorrect Answer

      Solution

      As per Section 139 of the Companies Act, 2013, the appointment of a Statutory Auditor is made by the shareholders of the company at its Annual General Meeting (AGM) based on the recommendation of the Board of Directors.

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