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Rotation of auditor

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trainee
395 Points Joined August 2016
A break in term of 5 consecutive years shall be considered as fulfilling the requirement of rotation.explanation?
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On 30 January 2018 at 22:06 Report
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Student CA FINAL
219 Points Joined August 2015
IF A PERSON IS IS COMPLETING 5 YEARS THEN HE IS DISQUALIFIED FOR 5 YEARS.

BUT IF HE BREAKS HIS TERM OF 5 YEARS LIKE HE IS AUDITOR FOR 4 YEARS AND NOT FOR LAST 1 YEAR THEN HE CAN BE APPOINTED FOR NEXT 5 YEARS.
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On 31 January 2018 at 03:38
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cs
641 Points Joined September 2017
Disagree, if an individual auditor is appointed for the term of 5 years n during 4th year his appointment is not ratified then he will said to have finished the term. He can not be reappointed for another 5 year.
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On 31 January 2018 at 08:17
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CS
755 Points Joined August 2009

Smreti R u sure?

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On 31 January 2018 at 10:20
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trainee
395 Points Joined August 2016
Ratification is removed under new companies act 2017
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On 31 January 2018 at 11:00
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Student CA FINAL
219 Points Joined August 2015
I MEAN TO SAY IN 5TH YEAR ANY OTHER PERSON IS AUDITOR THEN FROM 6TH YEAR ONWARDS ORIGINAL AUDITOR CAN BE APPOINTED FOR ANOTHER 5 YEARS
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On 31 January 2018 at 14:33

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