What happens if first auditor is not appointed within 30days

B.K.Ray (Student CS) (42 Points)

23 November 2012  

Dear Sirs/ Madams

What happens if a newly setup pvt.ltd. company doesnot appoint an auditor within 30 days of incoporation of a company. And who can be an auditor. If a company does this appointment after 30 days what penalty normally is induced.



Ray BK