Section 139(2) - Rotation of Auditors

As per Section 139, read with rule 5 of  Companies Auditor Rules, the provisions of rotation of Auditor shall apply on listed Company. If the audit firm is already appointed for the period of 10 years then same audit firm shall not be re-appointed for another term. There shall be minimum cooling period of 5 years after completion of their respective tennre as per the provisions of the Companies Act 2013