Mohit JainMohit asked 2 years ago
3 Answers
RaviRavi Staff answered 2 years ago

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.

Auditaudit Staff answered 2 years ago

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

RaviRavi Staff answered 2 years ago

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

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