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Jul 4, 2024 · (2) No listed company or a company belonging to such class or classes of companies as may be prescribed, shall appoint or re-appoint— ( a) an individual as auditor for more than one term of five consecutive years; and. ( b) an audit firm as auditor for more than two terms of five consecutive years: Provided that—
Feb 20, 2015 · Extract of Section 139 of the Companies Act, 2013. 139. Appointment of auditors. (1) Subject to the provisions of this Chapter, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting ...
THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 4. Memorandum. 5. Articles. 6. Act to override memorandum, articles, etc. 7. Incorporation of ...
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Jul 17, 2020 · Article explains Manner of Rotation of Statutory Auditors under Companies (Audit and Auditors) Rules, 2014 read with Section 139 of Companies Act, 2013. A. Section 139(2) and Rule 5 of the Companies (Audit and Auditors) Rules 2014 – Maximum term for appointment of auditors
Section 139 (2) in The Companies Act, 2013. (2) No listed company or a company belonging to such class or classes of companies as may be prescribed, shall appoint or re-appoint— (a) an individual as auditor for more than one term of five consecutive years; and. (b) an audit firm as auditor for more than two terms of five consecutive years:
Jul 9, 2020 · Rotation of Auditors {Section 139 (2)} Applicability: Rotation of auditors will be applicable on the below mentioned class of companies: (a) all unlisted public companies having paid up share capital of Rs. 10 crore or more.
Aug 18, 2023 · Section 139(2) read with rule 5 of the Companies (Audit & Auditors) Rules, 2014-The following classes of Companies excluding OPC and Small Company shall not appoint or reappoint- Listed Company or Unlisted Public Company having a PSC of Rs. 10 Crore or more;
Section 139(2) of the Companies Act, 2013 provides the mandatory rotation of statutory auditors for listed as well as certain class of the companies as prescribed.
Section 139 in The Companies Act, 2013. 139. Appointment of auditors.—. (1) Subject to the provisions of this Chapter, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and ...
