Casual Vacancy of Auditor
This query is : Resolved
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
Thanks in anticipation of answer
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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