Auditor

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CS Professional
1021 Points Joined April 2017
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 ?
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On 21 September 2017 at 14:19 Report
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19 Points Joined April 2017
It means An individual shall not be eligible for reappointment as auditor in same company.

Here Same company means " Holding/ Subsidiary/Associate Company
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On 21 September 2017 at 18:59
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CS Professional
1021 Points Joined April 2017
Thank you Jinendra Jain Sir...
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On 21 September 2017 at 19:21
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CS Professional
1021 Points Joined April 2017
Thank you Jinendra Jain Sir...
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On 21 September 2017 at 19:22
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Student
22 Points Joined February 2009
it is only for individual or firm or partner of audit firm ? plz clarify ...
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On 22 September 2017 at 21:49
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19 Points Joined April 2017
it is applicable for both whether individual, firm or partner of audit firm
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On 22 September 2017 at 23:16
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19 Points Joined April 2017
Thanks Sudhir Todkar My pleasure and whenever I m going wrong please guide/ rectify me👍
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On 22 September 2017 at 23:17
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EMPLOYEE
144 Points Joined June 2008
@ jinendra Jain I think it isn't the correct interpretation of wordings
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On 23 September 2017 at 13:53
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CS Professional
1021 Points Joined April 2017
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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On 23 September 2017 at 21:10
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CS Professional
1021 Points Joined April 2017
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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On 23 September 2017 at 21:10


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