Auditor appointment

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GIRISH SHARMA (Querist)
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13 October 2014 Dear Sir,Can a pvt. Ltd. Co. Appoint an auditor for one year at a time instead of five years ?Is rotation of auditors mandatory for pvt. Ltd. Co. Also ?RegardsGirish Sharma

Ankur Garg

Ankur Garg (Expert)
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13 October 2014 period of 5 year comes from section 139(1) which is mandatory.

Rotation is different thing and covered by section 139(2). Check whether rotation is applicable on your private company.

In any case 5 year term is applicable on your company.

Thanks