Appointment of first auditor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2014
Sir
A company is incorporated on 22nd of March, 2014 and is required to appoint first auditors within 30 days of its incorporation.
My question is whether tenure of auditor will be up to conclusion of First AGAM (As per Sec, 224 of companies act, 1956) or Sixth AGM (As per section 139 of companies act, 2013).
Since the section 139 of companies act, 2013 is made effective from 26th March, 2014.
A company is incorporated on 22nd of March, 2014 and is required to appoint first auditors within 30 days of its incorporation.
My question is whether tenure of auditor will be up to conclusion of First AGAM (As per Sec, 224 of companies act, 1956) or Sixth AGM (As per section 139 of companies act, 2013).
Since the section 139 of companies act, 2013 is made effective from 26th March, 2014.
CA. Amit G. Chandani
(Expert)
12 May 2014
First auditors are to be appointed by Board within 30 days of registration of company, their tenure being upto conclusion of first AGM (Section 139(6) of Companies Act, 2013)
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