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Companies (Removal of Difficulties) Third Order, 2016

Companies Law - F. No. 1/33/2013-CL-V - Dated:- 30-6-2016 - Government of India Ministry of Corporate Affairs ORDER New Delhi, the 30th June, 2016. S.O. _ (E). - Whereas, the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) .....

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2014; And, whereas, sub-section (2) of section 139 of the said Act provides that no listed company and the prescribed class of companies shall appoint or re-appoint- (a) an individual as auditor for more than one term of five consecutive years; and ( .....

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section shall not be eligible for re-appointment as auditor in the same company; And, whereas, the third proviso to sub-section (2) provides that every company, existing on or before the commencement of this Act which is required to comply with provi .....

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auditor at the annual general meeting who shall hold office from the conclusion of that meeting till the conclusion of sixth annual general meeting; And, whereas, difficulties have arisen regarding compliance with the provisions of third proviso to .....

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tion 470 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following Order to remove the above said difficulties, namely:- 1. Short title and commencement.- (1) This Order may be called the . (2) It shall be deemed to h .....

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