Question

What are the limitations on the appointment and reappointment of auditors for listed companies under the Companies Act?

A An individual can be appointed as auditor for a maximum of two terms of five consecutive years, while an audit firm can be appointed for a single term of five consecutive years
B An individual can be appointed as auditor for a single term of five years, while an audit firm can be appointed for two terms of five years
C An individual can be appointed as auditor for more than one term of five consecutive years, and an audit firm can be appointed for more than two terms of five consecutive years, subject to shareholder approval
D An individual can be appointed as auditor for one term of five consecutive years, while an audit firm can be appointed for two terms of five consecutive years
E An individual can be appointed as auditor for a single term of five consecutive years, and an audit firm can be appointed for one term of five consecutive years
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