[Solved] The first auditor of a company will hold office

The first auditor of a company will hold office

a) For a period of one year

b) Till holding of statutory meeting

c) Till the conclusion of first annual general meeting

d) Till a new auditor is appointed

Answer: (c) The first auditor of a company will hold office till the conclusion of the first annual general meeting. According to Section 139(6), the first auditor should be appointed by the board of directors within 30 days from the registration of the company. The company holds the board meeting and appoints the same.

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