in sec 139 if the board fails to appoint first auditor then it will inform members and members will appoint auditor in 90days so from where these 90 days start ? is it from date of failure of board?
Nothing as such written in Sec-139(6) that 90 days start from date of incorporation or from expiry of 30 days, so you can use interpret in both the ways. Also you can go through mca website for any clarification or Case on this matter. Thanks