Appointment of statutory auditors

karthickraj (Student CS) (127 Points)

07 September 2019  

I have a doubt on auditor appointment for small companies and other company,

in 2014 we have appointed auditors for the term of 5 years to all companies except listed and limited companies.

In 2018 there was an amendment on ratification of auditors, without the ratification at the AGM the auditors continuous as stat auditors.

Now the term of 5 year gone lapsed, what will be the status of appointment of auditors from 2019, whether 5 years of appointment is must at 2019 AGM or appointment will be done at every AGM.(small Companies and other pvt Companies).

Thanks,