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Notice for appointment of auditor

This query is : Resolved 
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(Querist)
28 October 2014 Sir/Ma'am,

As per section 139 of Companies Act 2013 is it mandatory to appoint a statutory auditor for a period of 5 years (subject to ratification) or can we appoint auditor till the conclusion of next AGM i.e. for a period of one year in case of a private limited company?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
29 October 2014 The Appointment of Auditors shall be made for a 5 year term subject to ratification at every AGM- Section 139 (1) of the Companies Act, 2013
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