An auditor of a listed company shall not be appointed,

Q: Answer-An auditor of a listed company shall not be appointed, if it is an individual as auditor, for?

Section 139.Appointment of auditors 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.

if it is an individual as auditor, for?

A Less than one term of two consecutive years Correct Answer Incorrect Answer

B More than one term of five consecutive years Correct Answer Incorrect Answer

C More than one term of ten consecutive years Correct Answer Incorrect Answer

D More than five terms of five consecutive years Correct Answer Incorrect Answer

Solution

Section 139.Appointment of auditors: (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.

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