Can CAG appoint an auditor for a period of three years? It's an audit firm. The max. terms can be two and each term consists of five years. Am l right? If not, please throw some light on this matter.
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Appointment of auditors
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CAG appoints auditor for govt companies only which can be maximum of one year
Can you please refer the relevant section?
It is Sec 139 of Companies Act '13
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