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Term of appointment of auditor under co. act 2013

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(Querist)
18 July 2014 A Company wants to appoint me as the Statutory Auditor. I have not been Auditor of the company previously. Can they appoint me now for 1 year or compulsorily they have to appoint me for 5 years as per co.s act 2013?
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Tax Payer

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Tax Payer (Querist)
19 July 2014 Can any one help me in this regard?

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