Auditor appointments are done for 5 AGMs.
if on 5th AGM no appointment is done, automatic reappointment will take place.
But if no ratification is done in in between AGMs (2nd / 3rd / 4th) then BOD will appoint next auditor
is there anything else you want to ask
Hello concept of rotation and cooling period is not applicable to all companies.
Read explanation of given link for better understanding
If an individual CA is appointed as auditor and after 5 consecutive years in the AGM no auditor is appointed because of non majority shareholders to appoint. In that case, CA is appointed as auditor till next AGM or not? if clause if rotation of auditor applicable to co. , if not appointed then hiw the vacancy will be treated and filled up.