IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

Audit and Auditors

Corporate & Other Laws

Companies act is silent with regard to time limit for appointment for 1st auditors . It is for next or from incorporation?? EXAMPLE :- In case of Non Government Co. ; BOD shall appoint within 30 days of incorporation and further members within 90 days on failure. But , Act is silent about additional days or from incorporation! Hence , what to consider for exams ? Plz guide Mam !

Varun Mulay

CA Inter

★ 38K+

27-Mar-23 18:16

196

Answers (6)

Appointment of an Auditor under Companies Act, 2013 The First Auditor of a business other than a government business must be appointed by the Board within 30 days of its incorporation, according to section 139 of Companies Act, 2013