When to Reappointment Auditor of Private Limited Company

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Neha (Querist)

30 September 2023 Respected Sir/Madam
Please Clarify
If a Private Limited Company has its AGM's 30th September every Year Auditor was appointed in AGM Held on 30/09/2019. Now he has to be reappointed again. Please clarify will he be reappointed at AGM to be held on 30/09/2024 or at AGM held on 30/09/2023.

Thanks In Advance.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

16 January 2024 The auditor shall hold office from the conclusion of 1st AGM till the conclusion of its 6th AGM (i.e., for 5 years); Appointment takes place only for 5 years, it means – No company can appoint auditor for less than 5 years.

https://www.taxmann.com/post/blog/company-auditor-qualifications-disqualification-appointment#:~:text=Appointment%20of%20Subsequent%20Auditor%2FReappointment%20of%20Auditor,-%5BSection%20139(1&text=(2)%20The%20auditor%20shall%20hold,for%20less%20than%205%20years.

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