Mrs Monali was appointed as auditor at 2nd AGM in M s Sunshine Ltd having paid up capital ge Rs 10 C...........

Companies Act-Phase (I & II) Audit and auditors

Mrs. Monali was appointed as auditor at 2nd AGM in M/s Sunshine Ltd. having paid up capital ≥ Rs. 10 Cr. and retired at 7th AGM. Which number of Annual General Meeting Mrs. Monali is again eligible to appoint as auditor?

8th AGM

10thAGM

11th AGM

12th AGM

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Explanation:

Section 139(2) of the Companies Act, 2013, in case of all listed company or a company belonging to class or classes of companies, individual auditor will have the cooling period of 5 years after completion of his term.

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