Auditor Appointment and Issue of Shares Certificate

Section 139(6) of the Companies Act 2013 provides for appointment of First auditors of the Company. It states that Board of Directors of the Company shall within 30 days fo the Registration of the Company appoint its First Auditor, whose term shall be till the conclusion of first AGM of the Company.Further Appointment of the Auditor shall be communicated to the ROC within 15 days of appointment in Form ADT-1. Further the company incoporated on or after 1st January 20xx they can have an extended financial year of 15 months instead of 12 months.

Eg: Company Incorporated on 2nd january 2018 can have its Annual Closure of Accounts on 31st March 2019 and have its First AGM within 30th September 2019

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