New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Until when does the term of the auditorship of the first

    auditor extend from the date of appointment?
    A the conclusion of statutory meeting. Correct Answer Incorrect Answer
    B the conclusion of first annual general meeting. Correct Answer Incorrect Answer
    C the conclusion of next annual general meeting. Correct Answer Incorrect Answer
    D the date of removal. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    As per the Companies Act 2013, the term of the auditorship of the first auditor extends from the date of appointment until the conclusion of the first annual general meeting. This means that the first auditor, upon their appointment, will hold their position as the auditor of the company until the first annual general meeting is concluded.

    Practice Next

    Relevant for Exams: