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of <h1>Companies Act 2013: Auditors appointed at first AGM serve until the sixth; specific rules for re-appointment and rotation apply.</h1> Under the Companies Act, 2013, every company must appoint an auditor at its first annual general meeting, who will serve until the sixth meeting, with re-appointments allowed under specific conditions. Listed companies cannot appoint an individual auditor for more than one five-year term or an audit firm for more than two such terms. The Central Government may prescribe rules for auditor rotation. Government companies have auditors appointed by the Comptroller and Auditor-General of India. Casual vacancies are filled by the Board or Comptroller and Auditor-General, depending on the company type. Retiring auditors can be re-appointed if not disqualified and no special resolution opposes it.
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