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Is it mandatory for a company, whether private or public, to appoint an Auditor for a period of 5 years in terms of Section 139(1)?

Section 139- Appointment of auditors.

Posted By: Aakanksha 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Akansha

Yes, provision of sec 139(1) is mandatory for both public and private, further they are required to appoint auditor for 5 years subject to ratification at every AGM.

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Pramod Prabhudesai
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