Auditor eligibility: chartered accountant requirement and disqualifications govern who may serve and when office is vacated. Qualifications require an auditor to be a chartered accountant or a firm of practising qualified partners; transitional certificates from former territorial laws are recognised subject to Central Government rules governing grant, renewal, suspension and cancellation. Disqualifications exclude bodies corporate, company officers or employees and close associates, persons with certain indebtedness or security interests in the company, and those disqualified by relation to holding or subsidiary companies; acquiring a disqualification after appointment results in vacating the office.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Auditor eligibility: chartered accountant requirement and disqualifications govern who may serve and when office is vacated.
Qualifications require an auditor to be a chartered accountant or a firm of practising qualified partners; transitional certificates from former territorial laws are recognised subject to Central Government rules governing grant, renewal, suspension and cancellation. Disqualifications exclude bodies corporate, company officers or employees and close associates, persons with certain indebtedness or security interests in the company, and those disqualified by relation to holding or subsidiary companies; acquiring a disqualification after appointment results in vacating the office.
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