Rotation of auditor

cutoff date..

2. In the Companies Act, 2013, in section 139, in sub-section (2), for the third proviso, the following proviso shall be

substituted, namely:-

"Provided also that every company, existing on or before the commencement of this Act which is required to comply with the provisions of this sub-section, shall comply with requirements of this sub-section within a period which shall not be later than the date of the first annual general meeting of the company held, within the period specified under sub-section (1) of section 96, after three years from the date of commencement of this Act.".