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V.S. Datey on Companies Act, 2013
  • First Auditors

    by Kamal on Friday, March 22, 2019 at 11:16 AM

    When first auditors (proprietor) are appointed by the Board: 1. can they be appointed for 5 years u/s 139(1) 2. if they are appointed for only 1 year till next AGM, can they be reappointed for another 5 years as well if the company is subjected to rotation

    Replied byV.S. Datey Friday, March 22, 2019 at 04:27 PM

    1. no specific bar 2. should be for four years, considering principle behind the provision V S Datey

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