ABC& co, CA firm was appointed as Statutory Auditor of private limited company for term of 5 year ending on 31.03.2020. But in AGM of FY 2018, ABC & co do not want to continue and company is appointing new CA firm XYZ & CO.as Statutory Auditor.Is this amounts to Casual Vacancy ?? The Company will appoint new auditor in AGM only.Section 139 Appointment of auditors.
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