Relaxation for rotation of auditors for private companies

MCA vide notification dated 22nd June, 2017 issued Companies (Audit and Auditors) Second Amendment Rules, 2017, effective immediately from the above date. The amendment pertains to corresponding rule for Section 139(2), regarding rotation of auditors in the Company. The amendment has extended further relaxation to private companies. Rotation of auditors will be applicable only for private companies…

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