when a firm is appointed as an auditor as per sec 139 the term is 2terms of five consecutive years,, that means the auditor has an option to retire after 1st term and be the any other year for 5consecutive years, is that so?
That be the situation where casual vacancy is created..if any auditor resign during his term casual vacancy is created..
But that was not my question
If auditor resign after 1 term of 5 consecutive years then again can he has an option to avail next time of 5 consecutive years
At the time of fresh 5 years, all the qualifications and disqualifications and procedural requirements have to be considered