the term(10yrs) of existing auditors as per section 139(2) has expired and the company has to appoint new auditors at upcoming agm. now the company is not able to finalize new auditors.
1.what is the consequences if company couldn't appoint new auditors at upcoming agm.?
2. will the existing auditors continue till another auditor is appointed as per sec 139(10)?
3. what is the procedure and filings to be done in this case?
CAclubindia
