ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      Where at any Annual General Meeting (AGM), no auditor is

      appointed or re-appointed, what is the legal consequence as per Section 139(10)?
      A The Central Government shall appoint an auditor. Correct Answer Incorrect Answer
      B The existing auditor shall continue to be the auditor of the company. Correct Answer Incorrect Answer
      C The Board of Directors shall fill the vacancy within 30 days. Correct Answer Incorrect Answer
      D The position is deemed to be vacant until a Special General Meeting is called. Correct Answer Incorrect Answer
      E The CAG will intervene for all public and private companies. Correct Answer Incorrect Answer

      Solution

      Section 139 of Companies Act, 2013, deals with the appointment of the auditor including appointment of first auditor, tenure, re-appointment, etc. ┬а Section 139(10) states that existing auditor will continue as auditors of the company in case no appointment/re-appointment has been made at the annual general meeting of the company. ┬а ┬а

      Practice Next
      More Commercial Laws Questions
      ask-question