For listed companies and other kind of prescribed companies , Auditor or audit firm may be appointed for One/two Term of less than 5 Years (as the case may be) for all other companies ,auditor should be appointed for 5 years (and no concept of rotation is applicable ).
Hi chirag, any citation in company's act or reference anywhere , where retiring auditor firm in their second term can be Re-appointed for less than five years?
CAclubindia
