Casual Vacancy of Auditor

This query is : Resolved

MAYANK CHOKHANI (Querist)
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05 June 2020 If an auditor gets disqualified to continue audit after 2nd year and then again becomes qualified after a year, can he be appointed for new term of 5 years or the remainder term of 2 years or 3 years ..

Thanks in anticipation of answer

c.bakshi

c.bakshi (Expert)
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07 June 2020 HE CAN CONTINUE TO BE AUDITOR FOR A TERM NOT EXCEEDING 5 YEARS BUT IF THE COMPANY SATISFY THE CONDITIONS AS PER 139 (2), THEN AFTER THIS TERM A COOLING PERIOD OF 3 YEARS IMPOSED ON THE AUDITOR

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