Question
Where at any Annual General Meeting (AGM), no auditor is
appointed or re-appointed, what is the legal consequence as per Section 139(10)?Solution
Section 139 of Companies Act, 2013, deals with the appointment of the auditor including appointment of first auditor, tenure, re-appointment, etc. Â Section 139(10) states that existing auditor will continue as auditors of the company in case no appointment/re-appointment has been made at the annual general meeting of the company. Â Â
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