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    Question

    Any casual vacancy in the office of an auditor shall in the case of a company whose accounts are subject to audit by an auditor appointed by the Comptroller and Auditor-General of India, be filled by the _____________

    A Shareholders within thirty days Correct Answer Incorrect Answer
    B Board of Directors within thirty days Correct Answer Incorrect Answer
    C Central Government within thirty days Correct Answer Incorrect Answer
    D Comptroller and Auditor-General of India within thirty days Correct Answer Incorrect Answer

    Solution

    Section 139 Appointment of auditors: Any casual vacancy in the office of an auditor shall— (i) in the case of a company other than a company whose accounts are subject to audit by an auditor appointed by the Comptroller and Auditor-General of India, be filled by the Board of Directors within thirty days, but if such casual vacancy is as a result of the resignation of an auditor, such appointment shall also be approved by the company at a general meeting convened within three months of the recommendation of the Board and he shall hold the office till the conclusion of the next annual general meeting; (ii) in the case of a company whose accounts are subject to audit by an auditor appointed by the Comptroller and Auditor-General of India, be filled by the Comptroller and Auditor-General of India within thirty days.

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