I want to know how appointment by board u/s 139(8) is different from automatic reappointment of auditor in 139(9)Suppose aakriti is not ratified in agm then casual vacancy will arise but then question arises when will we apply the clause which states that in case no auditor is appointed in agm then current auditor will be deemed to be reappointed.
Suppose auditor is appointed in 1st AGM for next 5 AGMs
Now ratification will happen in 2 / 3 / 4 / 5 AGM
and person will retire in 6th AGM
If in 2/3/4/5 ratification does not take place BOD will appoint next auditor
But if in 6th AGM auditor is not appointed, automatic reappointment of old auditor will happen and person will get appointed till next AGM
Now difference if no ratification is relevant for in between AGMs 2/3/4/5
and automatic reappointment is relevant only for 6th AGM (1+5)