18 August 2014
Mr.X is individual Auditor of ABC LTD for Last 5,6 year now According to Companies Act 2013.He is eligible or not for continue as Auditor of ABC Ltd.
22 August 2014
A. Number of consecutive years for which an individual auditor has been functioning as auditor in the same company- 5 years (or more than 5 years)
B. Maximum number of consecutive years for which he may be appointed in the same company (including transitional period)- 3 years
C. Aggregate period which the auditor would complete in the same company in view of A and B above- 8 years or more
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