1)S.139,SS.6 =appointment of first auditor in case of co. other than govt. co.
2)S.139,SS.7=Appointment of first auditor in case of govt. co.
{clue identified =both are appointed within bla bla days "from the date of registration"}
3)S.139,SS.5=appointment of subsequent auditor in case of govt. co.
{ clue identified=appointed within bla bla days "from the commencement of FY"}
then subsequent auditor for co. other than govt. co.....
I thought it was SS.1...But he is appointed at the first AGM....then how....which SS.???...
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It is sub-section 1 of section 139 which talks about subsequent auditors for companies other than government companies.
Section 139(1) says that first "subsequent auditor" shall be appointed at first AGM.Futher it says about his term of appointment i.e. 5 years. He shall hold office till the conclusion of sixth AGM.
Further it says about term of appointment of other subsequent auditors which are to be appointed at every sixth AGM by way of following words:
"thereafter till the conclusion of every sixth meeting"(these words mean that the auditor term shall terminate at next fifth AGM).
As these provisions say that the subsequent auditor shall be appointed at first AGM and he shall hold office till the conclusion of sixth AGM, it gives way to the appointment of other Auditor at the AGM who shall hold office for five years i.e. from the AGM of appointment till next fifth AGM.
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