Whether first auditor can accept the appointment as subsequent year on conclusion of the first AGM for 5 more years..if so 139(2) would be violated…so, suggest

Questions › Category: Co. Audit - I › Whether first auditor can accept the appointment as subsequent year on conclusion of the first AGM for 5 more years..if so 139(2) would be violated…so, suggest

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audit Staff asked 9 years ago

Question Tags: Appointment of Auditor, First Auditor, Sec 139(2)

2 Answers

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Antriksh Morajkar answered 9 years ago

Yes, He can be reappointed in First AGM.

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admin answered 9 years ago

yes he can because 1 year is not “full term of five years” , and you cannot add it to next term of five years and count as 6.