appointment of auditor
Akshit Taneja (17 Points)
11 July 2019
can a first auditor be appointed as subsequent auditor and for what term ?
3 Replies
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 12 July 2019
first auditor can be appointed as subsequent auditor if the company is not covered under rule 5 of companies act and if companies covered under rule 5 of companies at first I can be appointed as a subsequent auditor only for two terms.
for better understanding of the concept you can go and read the rule 5 and the rotation of auditor.
for better understanding of the concept you can go and read the rule 5 and the rotation of auditor.
Shivam RC
(Student)
(23683 Points)
Replied 13 July 2019
Yes. The First Auditor can be appointed as subsequent Auditor in its first AGM.
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