Appointment of ''first auditors '' by pvt ltd company in first board meeting

Naveen Reddy ( Article Student)     21 September 2018

Naveen Reddy
Article Student 
 2 likes  81 points

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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).

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