Appointment of Auditors

C & AG

First AGM

The aim and object of the Factories Act, 1948 is to safeguard the interests of workers, prevent their exploitation, and establish the obligations, duties, and responsibilities of a factory owner and manager.

<p>The learning objectives of the module on the Factories Act, 1948 are: 1. To acquire the requisite knowledge of the aim and object of the Act to safeguard the interests of workers, prevent their exploitation, and establish the obligations, duties, and responsibilities of a factory owner and manager. 2. To develop an understanding of the provisions relating to health, safety, welfare, and annual leaves of workers in a factory.</p> Signup and view all the answers

<p>The subsequent auditor in a non-government company is appointed by the Board of Directors at the Annual General Meeting (AGM) within 30 days of incorporation of the company.</p> Signup and view all the answers

<p>If the Comptroller and Auditor General (C &amp; AG) fails to appoint the first auditor in a government company, then the members of the company will be informed and they will appoint the first auditor at an Extraordinary General Meeting (EGM) within 60 days of incorporation.</p> Signup and view all the answers

<p>The first auditor in a government company is appointed by the Comptroller and Auditor General (C &amp; AG) within 60 days of incorporation of the company.</p> Signup and view all the answers