Appointment of first auditor

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 May 2014 Sir
A company is incorporated on 22nd of March, 2014 and is required to appoint first auditors within 30 days of its incorporation.
My question is whether tenure of auditor will be up to conclusion of First AGAM (As per Sec, 224 of companies act, 1956) or Sixth AGM (As per section 139 of companies act, 2013).
Since the section 139 of companies act, 2013 is made effective from 26th March, 2014.

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
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12 May 2014 First auditors are to be appointed by Board within 30 days of registration of company, their tenure being upto conclusion of first AGM (Section 139(6) of Companies Act, 2013)