First Auditor was not appointed till 9 months

This query is : Open

Uday Kumar (Querist)
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03 May 2025 Hello Experts, a private limited company was incorporated on 24.07.2024. However, they approached me as they want me to be appointed as their Statutory Auditor for a term of 5 years from now. However, on seeing their masterdata, I came to know that they didn't appointed First Auditor till today i.e as of 03.05.2025.

Now, my query is, Shall I be appointed as their first auditor till the conclusion of first AGM and later continue as their Statutory Auditor or Shall I be appointed as Statutory Auditor directly for a term of 5 Years from now without appointing myself as first auditor ? What are the Penal Proceedings for not appointing First Auditor of a Company ?

Thanks in Advance.