Provisions for Auditor and about audit in New Companies Bill



APPOINTMENT OF AUDITOR: Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting. COMPULSORY ROTATION: Provisions for compulsory rotation of individual auditors in every five years and of audit firm every 10 years in the listed company certain other class of companies, a
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