As per section 139 of Companies Act 2013 is it mandatory to appoint a statutory auditor for a period of 5 years (subject to ratification) or can we appoint auditor till the conclusion of next AGM i.e. for a period of one year in case of a private limited company?
29 October 2014
The Appointment of Auditors shall be made for a 5 year term subject to ratification at every AGM- Section 139 (1) of the Companies Act, 2013
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