BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
According to Section 139, what happens if a company fails to appoint an auditor at its first annual general meeting (AGM)?
1
The Board of Directors appoints an auditor.
2
The Central Government appoints an auditor.
3
The existing auditor continues for another term.
4
The company can operate without an auditor for one year.
5
The Registrar of Companies appoints an auditor.