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| Appointment of Auditor |
Appointment of 1st Auditor
Non-Government Company Section- 139(6)
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Government Company Section- 139(7)
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First auditor shall be appointed by BOD shall appoint first auditor within 30 days of registration of Company.
If BOD fails to appoint first auditor members shall within 90 days at EGM appoint first auditor.
Tenure: Till conclusion 1st Of AGM
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First auditor shall be appointed by CAG within 60 days of registration of Company.
If CAG fails- BOD shall appoint within next 30 days.
If BOD fails —Members shall appoint first auditor within 60 days.
Tenure : Till conclusion Of 1st AGM
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Appointment of Subsequent Auditor
Non-Government Company Section- 139(1)
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Government Company Section- 139(5)
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At 1st AGM, every Company shall appoint individual or Firm as an auditor.
Tenure: Till conclusion Of 60' AGM and there after till conclusion of every 6th AGM.
Company shall inform the auditor Of his appointment and file a notice in the form ADT-1 Of such appointment with ROC within 15 days of meeting of appointment.
Before an appointment Company shall obtain written consent from auditor and a certificate from auditor and certificate from auditor w.r.t satisfaction of criteria of section 141
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Appointment in respect Of a FY shall be made by
CAG within 180 days from commencement of FY
who shall hold office Till conclusion of next AGM (AGM to be concluded in next F Y).
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Filling of Casual Vacancy sec 139(8)
Non-Government Company Section- 139(1)
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Due to Resignation
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Other Reason
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Be filled by BOD within 30 days
Will be ratified by members within 3 months of BOD recommendation
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Be filled by BOD within 30 days
If CAG fails- it will be filled by BOD within next 30 days
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Government Company
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Be filled by CAG within 30 days
If CAG fails- it will be filled by BOD within next 30 days
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Tenure: Till conclusion of next AGM (upcoming AGM).
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