Appointment of auditor for less than 5 years

Auditor can be appointed for less than 5 years.  However, just keep in mind that this period will be considered as one term and  he cannot be reappointed for more than two terms even if total period is less than 10 years.

Thank you, Sir.

As per Section 139 (1) "Subject to the provisions of this Chapter, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting"

So there is no question of appointment of audtior for less than 5 years. So appointment will be for 5 years.

Arvinda Meenaji,

Whether appointment of Auditor for a term of 5 years is applicable for ONE PERSON COMPANY (OPC). Can auditor be appointed for less than 5 yeras for One person company.

Shall we appoint an auditor for less than 5 years for listed company??if yes then under which section??