Multiple choice

What is the time limit within which any existing listed company is required to comply with mandatory requirement of rotating their auditor?

  1. Within 3 years from the commencement of Companies Act, 2013

  2. Within 2 years from the commencement of Companies Act, 2013

  3. Within 1 year from the commencement of Companies Act, 2013

  4. Within 4 years from the commencement of Companies Act, 2013

  5. Immediate compliance is required

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

As intimated by Ministry of Corporate Affairs, under section 139(2) of Companies Act, 2013.