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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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