Auditor Appointment

👨‍💻Appointment of Auditor-Companies Act, 2013
Every entity running the business is required to do the audit on a day-to-day basis or a quarterly basis or a monthly basis or on a half-year or yearly basis. An audit is required to be carried out in the Company to know the financial stability, for verifying the Annual Accounts, Compliance, risk policy, and other laws applicable to the Company.

Types of Auditor required to be appointed in the Company


  1. First Auditor Appointment
  2. Subsequent Appointment of Auditor
  3. Casual Vacancy
  4. Internal Auditor
  5. Secretarial Auditor
  6. Cost Auditor

According to the Companies Act, 2013 section 139(6) the first auditor of a company other than a government company shall be appointed within 30 days of the incorporation by the Board. In case of the Board’s failure, within 90 days an EGM shall be held for appointing the first auditor. The law does not provide the time concerning when the time limit of 90 days be calculated. Thus, the benefit is in taking a stricter view and construing that the limit of 90 days starts from the Incorporation date rather than the expiry of 30 days

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