The authority to remove the first auditor before the expiry of term is with_

The authority to remove the first auditor before the expiry of term is with_

The authority to remove the first auditor before the expiry of term is with_

 Options:

a) the shareholders in a general meeting
b) the shareholders in the first annual General meeting
c) the board of directors
d) the Central Government

The Correct Answer Is:

a) the shareholders in a general meeting

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The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by__

The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by__

The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by__

 Options:

a) the C & AG
b) the shareholders
c) the shareholders at an annual general meeting
d) the board of directors

The Correct Answer Is:

b) the shareholders

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Which audit out of the following would not be regarded as one audit for the purposes of section 224(IB)?

Which audit out of the following would not be regarded as one audit for the purposes of section 224(IB)?

Which audit out of the following would not be regarded as one audit for the purposes of section 224(IB)?

 Options:

a) Audit of one branch each of two different companies
b) Joint audit
c) Audit head office & branches
d) Audit of one or more branches of a company

The Correct Answer Is:

a) Audit of one branch each of two different companies

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If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a……..

If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a……..

If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a……..

 Options:

a) Board meeting
b) extraordinary general meeting
c) General meeting
d) annual general meeting

The Correct Answer Is:

c) General meeting

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Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?

Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?

Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?

 Options:

a) Such powers have been conferred upon it by section 224(3)
b) If a company fails to appoint an auditor at a general meeting
c) If an auditor refuses to accept appointment, the powers of the Central Government can be exercised.
d) None of the above

The Correct Answer Is:

b) If a company fails to appoint an auditor at a general meeting

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Life Insurance Corporation of India holds twenty five percent of subscribed capital of XYZ Ltd. The appointment of statutory auditor in XYZ Ltd. Would be by__

Life Insurance Corporation of India holds twenty five percent of subscribed capital of XYZ Ltd. The appointment of statutory auditor in XYZ Ltd. Would be by__

Looking for the answer to the question below related to Company Auditor ?

Life Insurance Corporation of India holds twenty five percent of subscribed capital of XYZ Ltd. The appointment of statutory auditor in XYZ Ltd. Would be by__

 Options:

a) ordinary resolution
b) special resolution
c) (a) or (b)
d) none of the above

The Correct Answer Is:

  • b) special resolution

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In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at…..by passing a resolution

In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at…..by passing a resolution

In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at…..by passing a resolution

 Options:

a) a general meeting
b) first annual general meeting
c) statutory meeting
d) annual general meeting

The Correct Answer Is:

a) a general meeting

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The term of the auditor ship of first auditor would be from the date of appointment till__

The term of the auditor ship of first auditor would be from the date of appointment till__

The term of the auditor ship of first auditor would be from the date of appointment till__

 Options:

a) the conclusion of statutory meeting
b) the conclusion of first annual general meeting
c) the conclusion of next annual general meeting
d) the date of removal

The Correct Answer Is:

b) the conclusion of first annual general meeting

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The board of directors shall appoint first auditor of a company

The board of directors shall appoint first auditor of a company

The board of directors shall appoint first auditor of a company

 Options:

a) With in one month of completion of capital subscription state of the company
b) With in one month of the promotion of the company
c) With in one month of the commencement of the business of the company
d) With in one month of incorporation of the company

The Correct Answer Is:

d) With in one month of incorporation of the company

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