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of <h1>Understanding Section 139: rules on auditor appointment, tenure, rotation, vacancies, and government company audits under Companies Act 2013</h1> Section 139 of the Companies Act, 2013 governs appointment, tenure, rotation, and vacancies of company auditors. Companies must appoint an auditor at the first annual general meeting to hold office until the sixth AGM, subject to consent and eligibility certification, and must notify the Registrar within 15 days. Listed and prescribed companies must rotate individual auditors after one five-year term and audit firms after two such terms, with a five-year cooling-off and restrictions on common-partner firms. Government-controlled companies' auditors are appointed by the Comptroller and Auditor-General within specified timelines. Casual vacancies and first auditors are filled by the Board, members, or Comptroller and Auditor-General, and recommendations of the Audit Committee must be considered where applicable.
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