Registrar of Companies Extends Rotation of Auditors Requirement to December 31

The Office of the Registrar of Companies notified the General Public that all companies were required to comply with the rotation of Auditors as provided by Section 139(11) of the Companies Act, 2019 (Act 992) that “An auditor shall hold office for a term of not more than six years and is eligible for appointment after a cooling-off period of not less than six years” and gave a timeline for the change of Auditors to be completed by the end of August 2022.

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