Companies act 2013

Rachna Pathak (professional) (24 Points)

27 November 2014  

As per section 139(1) of the companies act, 2013, auditor is required to be appointed at the first AGM after the commencement of this act for a tenuure of 5/10 years. In case a company in its AGM fails to appoint its auditor for the said term and has appointed its auditors for a tennure of 1 year only, Now what procedure is required on the part of the company to rectify the same and appoint its auditors for 5/10 year term?? Please suggest