sir, suppose a firm is appointed as auditor of company at conclusion of first agm then will its tenure will be 5 yr or 10 yr as 139(1) says the auditor(firm/ individual) shall hold office till conclusion of 6th agm.

3 answers

Ca firm will get 10 years.
Rotation is applicable if 2 terms of 5 years are over.
One year term of first auditor or short term of causal vacancy auditor  will not be counted.

#1

But sir if sec 139(2) not applicable then the same Auditor can be reappointed by simple ratification

#2

looking at query i assumed , that rotation is applicable and focus was on point weather first auditor can be reappointed, so answer is yes he can be reappointed and that too for full 10 years

#3

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