CAF-8 · Chapter 1 · Question 3 of 10
Under the Companies Act, 2017, what is the required timeframe for the appointment of the first external auditor by the directors of a newly incorporated company?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Within 90 days of incorporation
Explanation
According to Section 246 of the Companies Act, 2017, the first auditors must be appointed by the directors within a period of ninety days from the date of incorporation of the company.
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