The Board of Directors of Moon Light Limited, a listed company appointed Mr. Tel, Chartered Accountant as its first auditor within 30 days of the date of registration of the Company to hold office from the date of incorporation to the conclusion of the first Annual General Meeting (AGM). At the first AGM, Mr. Tel was re-appointed to hold office from the conclusion of its first AGM till the conclusion of the 6th AGM. In light of the provisions of the Companies Act, 2013, examine the validity of appointment/ reappointment in the following cases:
(i) Appointment of Mr. Tel by the Board of Directors.
(ii) Re-appointment of Mr. Tel at the first AGM in the above situation.
(iii) In case Mr. Bell, Chartered Accountant, was appointed as an auditor at the first AGM to hold office from the conclusion of its first AGM till the conclusion of the 5th AGM. i.e., 4 years tenure.