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First auditor

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(Querist)
24 July 2014 What is the tenure of First auditor appointed by the Board of Directors of a private limited company? Is it upto First AGM or Sixth AGM?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 July 2014 Upto 1st AGM because the 5 yrs condition applies to auditor's appointed as per section 139(1) in AGM's.

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