Rotation of auditor

Following condition has fulfill for rotation of auditor 
Section 139(2) of the Act prohibits the following categories of companies from appointing / reappointing an audit firm for more than 2 terms of 5 consecutive years, i.e. 10 consecutive years, after which such company would be required to mandatorily rotate its auditors in accordance with the Act:

(i) listed companies;

(ii) unlisted public companies having a paid-up share capital of INR 10 crores or more;

(iii) all private limited companies having a paid-up share capital of INR 20 crores or more; and

(iv) all companies (private and public) which do not meet the thresholds mentioned in (ii) and (iii) above, but have public borrowings from banks / financial institutions or public deposits of more than INR 50 crores.