Process To Appointment Of Auditor Under Company Act

Process Of Appointment Of Auditor As Per Companies Act 2013 Simple Appointment of auditor under section 139 of companies act, 2013 read with companies (audit & auditors) rules, 2014. section 139 (1) –. every company shall at 1 st agm, appoint an individual or firm as an auditor who shall hold the office from the conclusion of that meeting till the conclusion of its 6 th agm and thereafter till the conclusion. The auditor so appointed, shall hold office until the conclusion of the first annual general meeting. if the board fails to appoint the first auditor, it shall inform the member of company, who shall within 90 days at an extra ordinary general meeting shall appoint auditor.

Appointment Of Company Auditor Under Companies Act 2013 Section 139 of ca 2013 governs the aspects of appointment of auditors. section 139 of the companies act, 2013 deals with all the cases, circumstances with respect to appointment of auditors and therefore, it is a complete code in itself with respect to appointment of auditors. corresponding section of 139 was 224, 224a, 619 of ca 1956. Appointment of auditors. appointment of the first auditor of a company under companies act, 2013: according to section 139 (6) of the companies act, the first auditor, for non government companies, is to be appointed by the board of directors of the company within 30 days of incorporation. if the board fails to do so, then an egm should be. Appointment by board of directors. 1. within one month from the date of registration of the company, the first auditor or auditors may be appointed by the board of directors. 2. the first auditors may remain in office until the conclusion of the first annual general meeting. companies (amendment) bill, 2003, extends the time to 3 months. 2. Cost auditor. according to companies act, 2013[1] section 139 (6) the first auditor of the company other than a government company shall be appointed within 30 days of the incorporation by the board. in case of the board’s failure, within 90 days an egm shall be held for appointing the first auditor. the law does not provide the time.