AS per section 139(1) "every company shall appoint an individual or firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth agm and therafter till the conclusion of every sixth meeting..."
Whether a auditor can be appointed for a term less than 5 years.
Dear Abhisekh,
Company can appoint auditor for less than 5 years but it is treated as one term, company losses maximum time provided under act to have the auditor.
Gowra Ventures Pvt Ltd
Hyderabad
CA
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Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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CAclubindia
