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The company has appointed Auditors in last year AGM for 1 year 2014-15. Now in year 2015 the company can re-appoint auditors for 5 years as per Section 139 of the Companies Act, 2013. Or the company can appoint auditors for 4 years. rotation of auditors is not applicable to the company. Please clarify.

Auditors

Posted By: Sunil kumar agrawal 9 year(s) ago

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

Subhash Bhaskar

It is advisable to appoint for 5 years instead of 4 years. As per sec.139 of the Companies Act, 2013 an auditor is to be appointed for a period of 5 years. If auditor is appointed for remaining 4 years then both appointment (1year & 4 year) shall be void as per sec.139

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