When to Reappointment Auditor of Private Limited Company

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Neha (Querist)
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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 online

Aashok Kumar Sharma online

(Expert)
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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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