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sunita jain (Querist)
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30 October 2015 If a private limited company to which section 139(2) is not applicable ,appoints auditors every year ,it is mandatory to fill point 4(i) to specify the tenure of previous appointment of auditor/auditor's firm ?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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03 November 2015 Point No. 4(i) is applicable for companies to whom provisions of rotation of auditor is applicable.

Further note that appointment of auditor shall be made for a 5 year term subject to ratification at every AGM.