New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    In the case of a Government company the Comptroller and

    Auditor-General of India shall, appoint an auditor within a period of _____________ from the commencement of the financial year, who shall hold office till the conclusion of the annual general meeting.
    A Sixty days Correct Answer Incorrect Answer
    B Ninety days Correct Answer Incorrect Answer
    C One hundred and eighty days Correct Answer Incorrect Answer
    D One hundred and twenty days Correct Answer Incorrect Answer

    Solution

    Section 139.Appointment of auditors: (5) Notwithstanding anything contained in sub-section (1), in the case of a Government company or any other company owned or controlled, directly or indirectly, by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, the Comptroller and Auditor-General of India shall, in respect of a financial year, appoint an auditor duly qualified to be appointed as an auditor of companies under this Act, within a period of one hundred and eighty days from the commencement of the financial year, who shall hold office till the conclusion of the annual general meeting.

    Practice Next