Working at Private Company
8637 Points
Joined December 2011
You can appoint auditor for 1 yr provided re-appointment refering to section 139 read with Rule 6 of Manner of Rotation of Auditor.
It is not complusory to appoint auditor for 5yr but maximum 5yr and can be reappointed.
Kindly read section 139 and rules relating to appointment of Auditor
https://corporatelawreporter.com/companies_act/section-139-of-companies-act-2013-appointment-of-auditors/