CA Inter P5 · Chapter 9 · Question 4 of 12
Under section 139(5) of the Companies Act, 2013, the statutory auditor of a government company (other than its first auditor) is appointed by:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The Comptroller and Auditor General of India, within 180 days from the commencement of the financial year
Explanation
Section 139(5) provides that in a government company, or a company owned or controlled directly or indirectly by the Central and/or State Governments, the auditor is appointed by the CAG within 180 days from the commencement of the financial year. The appointed auditor holds office till the conclusion of the AGM.
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