can an auditor who is auditor for last 15 years be appointed at AGM of 2016 as a statutory auditor
2 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 31 March 2016
Do you mean the auditor has been practising since last 15 years and you would like to appoint him/her as statutory auditor of the company? If yes, s/he can be appointed provided s/he is not disqualified from being appointed as per section 141.
Jacky
(Accountant & CA Final Student)
(320 Points)
Replied 31 March 2016
I think u r saying that ....who is auditor of that co. since last 15years can he be appointed as auditor for another 1 or more years...
if yes,
then auditor can only be appointed for another 3 years as per screenshot attached.........
Attached File : 577022 20160331165922 audit.jpg downloaded: 294 times
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