14 June 2015
As per the companies act 2013 the first auditor of a company is appointed by BOD within 30 days of its incorporation up to the conclusion of first agm, and in that agm next auditor is appointed till the conclusion of its 6th agm. My query is can a company can appoint the same auditor who was appointed by BOD? but if it will do so then total tenure of the auditor will extend to 6 years.
15 June 2015
Yes company has to appoint the first auditor appointed by BOD unless casual vacancy is caused due to resignation, death or disqualification of first auditor.
CAclubindia
