I also want to know if first auditor is appointed for 5 years do we have to file intimation with ROC??
U/S 139(6) of the companies Act 2013:-The First Auditor will hold the office till the conclusion of the First AGM.
U/S 139(1) of the companies Act 2013:- A company shall appoint an individual or a firm of Chartered Accountants as company auditor in the First AGM, who will hold the office from the conclusion of the First AGM till the conclusion of the Sixth AGM.
As per Sec-139(6) First auditor shall hold the office from the date of appointment to the date of first Annual General Meeting.
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