Abhishek (CA) (60 Points)
31 August 2014AS per section 139(1) "every company shall appoint an individual or firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth agm and therafter till the conclusion of every sixth meeting..."
Whether a auditor can be appointed for a term less than 5 years.
prakash
(Company Secretary)
(1352 Points)
Replied 31 August 2014
Dear Abhisekh,
Company can appoint auditor for less than 5 years but it is treated as one term, company losses maximum time provided under act to have the auditor.
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 01 September 2014
CAclubindia
