10 October 2014
Pl. know me is it mandatory to appoint auditor for 5 financial years as per companies act, 2013 or he can be appointed for 1 year , some companies want to appoint auditor only for 1 year.
10 October 2014
As per section 139(1) it is necessary to appoint auditor for 5 years. However this appointment would be subject to rectification by shareholders every year in the AGM.
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