CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
Short answerListed companies and certain large companies must rotate auditors — an individual auditor after 5 years and an audit firm after 10 years — under Section 139. Most small private companies are outside the rotation rules.
5 / 10 year rotation
Individual auditor: max one 5-year term. Audit firm: max two 5-year terms (10 years), then a cooling-off period.
Who's covered
Listed companies and prescribed classes (by paid-up capital or borrowings). Confirm thresholds. Small private companies are usually outside it.