Arrange in correct order The appointment first Auditor in a Government Company 1 If CAG does n...........

Companies Act-Phase (I & II) Directors - powers and appointment

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Arrange in correct order- The appointment first Auditor in a Government Company

1. If CAG does not appoint first auditor then Board of directors shall appoint in next 30 days.

2. If Board of directors fails to appoint such auditor within next 30 days, it shall inform the members.

3. The first auditor shall be appointed by CAG within 60 days from the registration of the company.

4. The members shall appoint the auditor within 60days in an EGM.

1-2-3-4

4-2-1-3

3-1-2-4

4-2-1-3

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Explanation:

Procedure of appointment In the case of Government Company, the first auditor shall be appointed by the Comptroller and Auditor General and it will be made within 60 days from the date of incorporation. Further, such appointed shall be noted in the Board meeting held immediately after such appointment. Such an appointment made by C& AG is required to be intimated to the auditor by the Company.

The Board shall fix the remuneration in case of the first auditor.

Such first auditor’s appointment shall be made by passing board resolution in Board Meeting or by Circular resolution.

No requirement to do any filing with the Register of Companies in the case of the First auditor.