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Question
In case the Board of directors fails to appoint the first auditor within 30 days of its incorporation, the company in ________ may appoint the first auditors.
In case the Board of directors fails to appoint the first auditor within 30 days of its incorporation, the company in ________ may appoint the first auditors.
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Solution
The correct option is A extraordinary general meeting
The appointment of Auditors in a Company is Governed under Section 139 of the Companies Act.
Section 139(6) of the Act,2013 says that, the first auditor of a company must be appointed by the BOD within 30 Days from the date of registration of the Company. In case of failure of the Board to appoint such auditor, the board shall inform the members of the company, who shall within ninety days at an Extra Ordinary General Meeting appoint the auditor.
The appointment of Auditors in a Company is Governed under Section 139 of the Companies Act.
Section 139(6) of the Act,2013 says that, the first auditor of a company must be appointed by the BOD within 30 Days from the date of registration of the Company. In case of failure of the Board to appoint such auditor, the board shall inform the members of the company, who shall within ninety days at an Extra Ordinary General Meeting appoint the auditor.
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