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Appointment of first statutory auditor

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(Querist)
20 February 2018 What will be the tenure of first statutory auditor, appointed in the first board meeting of a private limited company ? one year or five years ?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
21 February 2018 1st Auditor shall hold office till conclusion of first annual general meeting.

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