A company which does not fall under the category- Rotation of Auditor, should that company appoint the Statutory Auditors for a period of 5 years? or can the Statutory Auditor be appointed for 1 year??
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Query on auditor appointment for 1 year
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The appointment of auditors shall be made for a 5 year term subject to ratification at every AGM -Section 139(1) of the Companies Act, 2013
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