If CAG and BODs both fail to appoint to appoint first auditors of Government company then the first ...........

Companies Act-Phase (I & II) Audit and auditors

If CAG and BODs both fail to appoint to appoint first auditors of Government company, then the first auditors will be appointed by ___________ within ___________.

Shareholders of the company; 60 days

Registrar of Companies; 60 days

Board of Directors of the company; 30 days

None of the above

छोटे Courses बड़े Results

Master Audit and auditors

Prepare through Micro-courses

Try Now

Explanation:

The first auditor of a Govt. company shall be appointed by the CAG of India within 60 days of registration of the company. If CAG does not appoint such auditor within the said period, the BOD of the company shall appoint such auditor within next 30 days. In case of failure of BOD to appoint, the BOD shall inform the members of the company, who shall appoint such auditor within 60 days at EGM, who shall hold office till the conclusion of first AGM.