A Pvt. ltd. Co. has appointed its first auditors within 30 days of incorporation. Now there is a conflict between them and the co. wants to remove the first auditor in egm and appoint new dfirst auditor in place of them. Will the time limit for appointment of first auditors within 30 days of incorporation be applicable on this appointment or not?
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Appointment of first auditor
Replies (4)
dear ashutosh,
as far as i know, the first auditors should hold the office till the conclusion of the first gm of the company, where the company appoints the stautory auditor.
as i your in case the company will be elligible to remove the first auditors in the EGM they are going to hold. they need to appoint their new auditors.
[answer subject to mistakes. please cross check]
cheers
ganesh agarwala
Thanks a lot neha..
Is there any provision supporting the same contention?
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