Auditor,s appointment
This query is : Resolved
10 April 2016
According to companies act 2013,the appointment of every auditor is ratified at the AGM by the shareholders,then what is the use of saying that he is appointed for 5 consecutive years?
Is 5 year tenure mentioned for cooling period purpose or something else?
Is 5 year tenure mentioned for cooling period purpose or something else?
11 April 2016
Your Query 1 :- Due to regulatory requirement Rule 3(7) Companies(Audit & Auditors) Rules 2014
Your Query 2 :- The Cooling off period is mentioned for good governance & maintaining the independence of Audit
Your Query 2 :- The Cooling off period is mentioned for good governance & maintaining the independence of Audit
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