The first auditor of a company (non-government) must be appointed within:
A30 days of incorporation by the Board
B15 days of incorporation
C60 days of AGM
D90 days of registration by members
Answer & Solution
Correct answer: B. 15 days of incorporation
1. Section 139(6): Board appoints first auditor within 30 days of incorporation.
2. If Board fails, members appoint within 90 days at an EGM.
3. First auditor holds office till conclusion of the first AGM.
_Source: ICAI BoS CA Final Paper 3, Ch 5 "Company Audit"_
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