Hi everyoneI am a government hospital employee. I want to know that who does the appointment of T…
Hi everyone
I am a government hospital employee. I want to know that who does the appointment of The first auditors ?
As per the Act, the first auditor or auditors of a company shall be appointed by the Board of directors within 30 days from the date of registration of the company.
However, in the case of a Government Company, the appointment of first auditor shall be made by the Comptroller and Auditor-General of India within 60 days from the date of registration of the company.
Hence, in this case,being a government company, the first auditors shall be appointed by the Comptroller and Auditor General of India. Thus, the appointment of first auditors made by the Board of Directors is not valid as the act.
