Appointment of first auditors for pvt ltd company

This query is : Resolved 

21 September 2018 Hi  Everyone ,

Pls advise on this. 
Is it compulsory to apppoint first auditors for Pvt Ltd Company in first board meeting by Board of Directors (within 30 dasy of incorporation) ? If not so , Can shareholders  appoint first auditors  ?  
Note : DIRECTORS AND SHAREHOLDERS ARE ONE AND THE SAME in above mentioned Pvt Ltd Company  ( There are 2 shareholders who are also directors).

21 September 2018 Not compulsory.

Shareholders can appoint within ninety days in an EGM.

Pl see section 139(6).


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