Companies (Removal of Difficulties) Third Order, 2016

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....d the assent of the President on 29th August, 2013 and section 1 thereof came into force on the same date; And, whereas, the provisions contained in section 139, which provides for appointment of auditors has come into force on the 1^st  April, 2014; And, whereas, sub-section  (2) of section  139 of the said Act provides that no listed company and the prescribed class of compa....

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....eas, as per provisions of sub-section (1) of section  139, the companies are required to appoint 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 sub-section (2) of section 139 in so far as th....