1st agm & appointment of 1st auditor

This query is : Resolved

ROUNAK AGARWAL (Querist)
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30 April 2014 A unlisted public Co. incorporated on 19.03.2012 and Board decided the financial yr as 19.03.12 to 31.03.13.

Shareholders appointed 1st auditor in EGM on 31.03.13 . Is this possible ?

What should be the due date of 1st AGM as per details above ?

CS M Pota

CS M Pota (Expert)
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01 May 2014 As per the provision of section 224(5) of the Companies Act 1956 the Board of directors of the Company shall appoint the First Auditors of the Company with thin one month of the registration of the Company.

If the Board of director fails to appoint the first auditors,the company may in the general meeting may appoint the first Auditors.

As per the provisions of Section 166 (1) of the Companies Act. 1956 the first AGM may be called within not more than 18 months from the date of Incorporation of a Comapny.