Retiring auditor
This query is : Resolved
23 August 2016
what is meant by retiring auditor in sec 139,141 of companies act 2013, please tell me
23 August 2016
Dear Ankit,
Section 139 deals with appointment of auditor where as section 141 deals with qualification/disqualification of such auditor . As in new rules certain companies has to rotate there auditor after fix tenure and such auditor cannot be appointed again in the holding or subsidiary company .
U can read the entire text from below mentioned MCA address
https://www.mca.gov.in/SearchableActs/Section140.htm
Hope your query has been solved .
Kindly like if my response has helped you
Section 139 deals with appointment of auditor where as section 141 deals with qualification/disqualification of such auditor . As in new rules certain companies has to rotate there auditor after fix tenure and such auditor cannot be appointed again in the holding or subsidiary company .
U can read the entire text from below mentioned MCA address
https://www.mca.gov.in/SearchableActs/Section140.htm
Hope your query has been solved .
Kindly like if my response has helped you
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