Whether Appointment of Internal Auditor under the Companies Act, 2013 need to made every yeari.e MGT-14 need to be filed every year else one time appointment is sufficient.
There are no provisions in the Act and rules regarding term of appointment of Internal Auditor. Hence, you do not need to pass resolution for appointment of Internal Auditor every year (unless you change them every year). Hence, you do not need to file Form MGT-14 every year. One time appointment is sufficient.
CAclubindia
