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Appointment of auditor

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(Querist)
14 October 2014 can a private company who's paid up capital less then 20 crore appoint auditor for a term of 5 year. plz rply I m little confuse on this topic
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Ankur Garg

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Ankur Garg (Expert)
16 October 2014 Yes you can appoint Auditor for 5 years. Section 139(1) and 139(2) are different.

Rotation provisions are not applicable on your company. But you have to appoint your auditor for 5 years under 139(1).


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