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Whether the provisions of rotation of auditors are applicable to a private limited co. having a paid up share capital of Rs. 10 cr? As per subjection 2 of section 139 and rules thereon, this co. doesnt fall under the the said criteria. Does it mean that the Auditors of this co. can be reappinted for more than 5 years term.

Auditors

Posted By: Monali sharma 10 year(s) ago

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


    Monali Sharma

Thanks Ankit for your revert. Kindly also clarify whether the same auditor can be reappointed after five years.

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Expert    Ankit Singhi

The provisions of rotation of auditor are not applicable on you. It has to be appointed as per section 139(1)

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