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V.S. Datey on Companies Act, 2013
  • Whether Auditors appointment in AGM for 4 years is possible ?

    by GIRISH PAPAT on Wednesday, November 11, 2020 at 01:19 PM

    Facts: 1. PQR Pvt Ltd is a Company where Rotation principles are applicable 2. M/s. ABC a Partnership firm was appointed as Auditor to fill casual vacancy caused by resignation of old auditor. 3. Accordingly one years audit was completed by ABC firm for the period 19-20. 4. Now in AGM of 2020, whether the Company should appoint ABC firm for 5 years or 4 years considering that the total term of Audit Firm cannot exceed TWO terms of five years.

    Replied byV.S. Datey Wednesday, November 11, 2020 at 05:07 PM

    should be for four years to avoid disputes V S Datey

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