Explanation:

- The first auditor(s) of a company are usually appointed by the Board of Directors within 30 days of incorporation.

- If the Board of Directors fails to appoint the first auditor(s), then the company’s shareholders must appoint them.

- The appointment by shareholders happens at a general meeting of the company, not specifically the first annual general meeting or a statutory meeting.

- The term "general meeting" means any meeting of shareholders (other than a board meeting).

- "Annual General Meeting" occurs yearly, but the law requires that first auditors be appointed sooner if directors don’t do so, so waiting until the first AGM would be too late.

- "Statutory meeting" is not applicable for most companies now and is specifically for public companies under older provisions.

- Option 1: A general meeting is the correct answer.