Micro Electronics (Private) Limited (‘MEPL’) was incorporated on 1 April 2010. Sadiq, Majid and Ali are its first directors. The board of directors of MEPL met on 7 June 2010 to discuss the appointment of the fi rst auditors of MEPL. Majid, who is a Chartered Accountant, offered to work as the fi rst auditor of MEPL for a small remuneration to help ease MEPL’s fi nancial burdens. Sadiq was in favour of this proposal. However, Ali opposed it by saying that the board could not appoint the fi rst auditor(s).Required:Under the Companies Ordinance, 1984, advise the board on the legality of the proposed appointment of the first auditor. (10 marks)