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The first auditors of Health and Wealth Ltd., a …

The first auditors of Health and Wealth Ltd., a Government company, is to be appointed by the Boar…

The first auditors of Health and Wealth Ltd., a Government company, is to be appointed by the Board of Directors. Please Comment

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Kanishka Feb. 09, 2018


As per the companies Act, 2013, the first auditor or auditors of a company, other than a Government 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 first auditor shall be appointed by the Comptroller and Auditor-General of India within 60 days from the date of registration of the company. Hence, in the case of Health and Wealth Ltd., 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 of Health and Wealth Ltd., is null and void.