Auditor appointment

ARUSHI MITTAL (trainee) (55 Points)

13 March 2016  

Suppose there is a co. Xyz 

Auditor A is appointed as first auditor by board within 30 of registration. Now as per sec 139 (6) , 139 (7) auditor A hold office till conclusion of first agm.

Now sec 139 (2) rotation of auditor is applicable on co. Xyz . 

One of the rule is a break in term for a continuous period of 5 year shall be considered as fulfilling the requirement of rotation

So my queation is , at first agm can we appoint auditor A who is suppose to hold the office till the conclusion of 6th agm

If yes - the total term will became 6 years ?

If no - why would a auditor prefer to be appointed as first auditor if he can only serve for a year and then wait for 5 years?