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Appointment of first auditor u/s 139(6), (7)

Sanjib Kumar Mondal (Passionate Learner) (117 Points)

08 February 2016

What is the significance behind appointing the first auditor? And can he be reappointed again in the First AGM to continue till 6th AGM?

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S R BALASUBRAMANIAN (PCS) (56 Points)
Replied 08 February 2016

YES

I OPINE THAT THE OFFICE OF THE FIRST DIRECTOR CEASES FROM THE DATE OF NEXT AGM.

THE BOARD MAY PROPOSE HIM TO BE APPOINTED AS STATUTORY AUDITOR FOR A PERIOD OF 5 YEARS , SUBJECT TO THE PROCEDURAL ASPECTS OF COMPANIES ACT AND RULES

Sanjib Kumar Mondal (Passionate Learner) (117 Points)
Replied 08 February 2016

Why is there a need to have an appointment of the First Auditor ? Why is there a break made from commencement-First AGM and 1st AGM-6thAGM

Sanjib Kumar Mondal (Passionate Learner) (117 Points)
Replied 08 February 2016

Why only ONE Auditor be appointed throughout the period starting from Commencement of operations up until the 6th AGM without any break in service at the 1st AGM. ????

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