Companies (Removal of Difficulties) Third Order, 2016

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....h 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 1st April, 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 au....

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....uired 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 they relate to the period within which companies would comply with provisions of sub-sect....