The first auditor in a company limited by shares may be appointed by the directors:
A. Within a year of its registration
B. Before the statutory meeting
C. At the time of first annual general meeting
D. Any time in consultation with the Institute of Chartered Accountants of India
Answer: Option B
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B

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