Sir,
Can the Auditor be appointed for one year by the Board of Directors?
Thanks.
Preetam Mishra (Student CA IPC / IPCC) (23 Points)
16 November 2016Sir,
Can the Auditor be appointed for one year by the Board of Directors?
Thanks.
CS Peer mehboob
(CS)
(4534 Points)
Replied 16 November 2016
No, as per Sec.139(1), every company is required to appoint auditor for 5 years, in Annual General Meeting. However, Board of Director can appoint first auditor and also auditor in case of casual vacancy who can hold the office till the date of ensuing AGM.
Therefore, you can not appoint auditor for one year as per sec.139.
lokeshkumaar
(student)
(77 Points)
Replied 17 November 2016
NATARAJAN R
(PROPRIETOR)
(31 Points)
Replied 20 November 2016