Chapter: Chapter -X
Section: Section 139(1)
Rule: The Companies (Audit and Auditors) Rules, 2014
Approximate Time Saving: 45 minutes
This document contain the Proposal Letter for appointment / re-appointment of Statutory Auditors at the Annual General Meeting to confirm whether the proposed auditors is eligible for appointment / re- appointment and is not disqualified for appointment / re- appointment
Section 139(1) Subject to the provisions of this Chapter, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting and thereafter till the conclusion of every sixth meeting and the manner and procedure of selection of auditors by the members of the company at such meeting shall be such as may be prescribed.
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