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Re-appointemnt of existing auditor

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2014 Sir
Ours is a private limited company(Paid Up Capital - One Lac, not covered under section 139(2) ).

Our Existing auditor has been auditing our company for the last 2 years.
Now we want to know for how many years auditors will be appointed as per companies act, 2013.

Whether the term will be 5 years afresh or 3 years since it has already done audit for 2 years.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
22 October 2014 The appointment of auditors shall be made for a 5 year term subject to ratification at every AGM

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