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Commerce · Q150

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 150

Q150

Which of the following statements is not true:

A.
The first auditors of a company must be appointed within one month after the registration of the company
B.
If no auditor is appointed at the Annual General Meeting of the company, the Central Government must be so informed within 15 days
Answer
C.
A corporate body cannot be appointed an auditor of the company
D.
The auditor is an agent of shareholders

Answer: Option B

Solution

Answer: Option B
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