Question
Every company shall, at the first annual general
meeting, appoint an individual or a firm as an auditor who shall hold office_______Solution
Section 139.Appointment of auditors: (1) Subject to the provisions of this Chapter, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting and the manner and procedure of selection of auditors by the member of the company at such meeting shall be such as may be prescribed.
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