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    Question

    Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office_______

    A From the conclusion of that the conclusion of every sixth meeting Correct Answer Incorrect Answer
    B From the conclusion of that meeting till the conclusion of its sixth annual general meeting Correct Answer Incorrect Answer
    C From the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting Correct Answer Incorrect Answer
    D From the conclusion of that meeting till the conclusion of its fifth annual general meeting and thereafter till the conclusion of every sixth meeting Correct Answer Incorrect Answer
    E From the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the Board resolves to Correct Answer Incorrect Answer

    Solution

    Section 139.Appointment of auditors: (1) Subject to the provisions of this Chapter, every company  shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting and the manner and procedure of selection of auditors by the member of the company at such meeting shall be such as may be prescribed.

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