First Auditor Appointment Document Process & Eligibility

Each Company incorporated in India whether it is a Private Limited Company, Public Limited Company, One-Person Company, Government Company or Subsidiary of foreign Company they are required to maintain a proper book of accounts and get audited from the Statutory Auditor. According to the provisions of section 139(6) of the Companies Act, 2013 the first auditor appointed by all Companies other than the Government Company shall be appointed by the Board within 30 days from the date of incorporation of the Company. The tenure of the first auditor shall be till the conclusion of the first annual general meeting of the Company only.