Business Studies

The meeting in which the auditors are appointed is the Annual General Meeting.


ANSWER

True


SOLUTION
According to Section 139 of the Companies Act, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting. 
The manner and procedure of selection of auditors by the members of the company at such meeting shall be such as may be prescribed.
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TRUE/FALSE Medium Published on 18th 08, 2020
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