Appointment of auditors

CA Anand Kumar (Practicing) (151 Points)

26 June 2014  

Dear sir,

Please Explain how many years an audit firm can audit a private limited company?

example:x &co is an audit firm and Ypvt ltd is a compnay then how many years x&co carry statuary audit of Y pvt ltd?

NOTE: Y pvt ltd having a ner turnover of rs.18 Crores.share capital rs.3 Crores

thanks in advance