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<h1>Section 226: Auditor Qualifications and Disqualifications in Companies Act, 1956 - Chartered Accountants Only, No Corporate Entities.</h1> Section 226 of the Companies Act, 1956, outlines the qualifications and disqualifications for auditors. To qualify, an individual must be a chartered accountant as per the Chartered Accountants Act, 1949. A firm with all partners qualified similarly can also be appointed as an auditor. Disqualifications include being a body corporate, an officer or employee of the company, indebted to the company beyond a specified amount, or holding company securities. Disqualification extends to related corporate entities. If an auditor becomes disqualified post-appointment, they must vacate their position. The Central Government may regulate auditor certifications in specific regions.