Sir it means 2 to 5th AGM if no ratification takes place it will be Casual Vacancy, but if at 6th AGM no appointment/Reappointment takes place then existing auditor will continue but the provision of Reappointment will not supersede sec 139(2) means in case of specified company say listed company if at 6th AGM no appointment is made, provision of Reappointment shall not apply as the incumbent auditor has completed his term of 5/10 year & in such case office of auditor shall remain vacant & ROC will specify the manner of appointment of auditor. Is my understanding correct????

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