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Re-appointemnt of existing auditor

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 October 2014 Sir
Whether all existing companies including small companies are required to appoint the auditor for five years.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
18 October 2014 Yes.

As per Section 139 (1) of the Companies Act, 2013, the appointment of auditors in every company shall be made for a 5 year term subject to ratification at every AGM.

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