9 Questions
When must the first auditor of a company be appointed?
Within 30 days of the date of registration of the company
When should the first auditor of a company be appointed?
Within 30 days of the date of registration of the company
When must the first auditor of a company be appointed?
Within 30 days of the date of registration of the company
How long can an individual auditor hold office?
One term of 5 years
How long can an individual auditor serve for?
One term of 5 years
How long can an individual auditor hold office?
One term of 5 years
What is required to remove an auditor from their position?
Reasonable opportunity to be heard, prior approval of CG, special resolution in GM, special notice to be given in case retiring auditor is not appointed in AGM
What is the cooling period for an audit firm after two terms of 5 years each?
5 years
What is the cooling period for an audit firm after two terms of 5 years each?
5 years
Study Notes
Test your knowledge on the appointment of first auditors for non-government companies with this quiz. Learn about the responsibilities of the Board of Directors and the steps to be taken if they fail to appoint the first auditor. Master the key concepts and terms related to this topic and boost your understanding of corporate governance.
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