For section 139(2) and section 139(10)

Alpesh Agrawal (article assistant) (66 Points)

10 March 2016  
dear sir 1. what is no auditor is appointed in AGM of the company and it is the year of termination of 5 year terms of the auditor?? 2. Is sec 139(10) applicable which states that "where at any AGM, no auditor is appointed or re-appointed, the exiting auditor shall continue to be the auditor of the company??? 3.what if even a listed company to which section 139(2) is applicable fails to appoint auditor in its AGM and been the last of auditor's term?? Regards Alpesh Agrawal