I have one query in company law: Under section 139(2) of the companies act 2013 An individual auditor who has completed his terms of 5 years shall not be eligible for reappoint as auditor in "Same" Company for 5 years from the completion of his term. So here auditor of same company means only particular that company or Holding/Subsidiary/Associate company ?
Here we should understand the intention of the law maker, in such cases.
Intention is to maintain the indepency of the auditor. If any auditor Disqualified to become in its holding company he also Disqualify in its subsidiary company and associate company.
Here we should understand the intention of the law maker, in such cases.
Intention is to maintain the indepency of the auditor. If any auditor Disqualified to become in its holding company he also Disqualify in its subsidiary company and associate company.
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