https://www.taxtmi.com/article/detailed?id=5432 Section 141 restricts auditor eligibility to chartered accountants and allows firms and LLPs to be appointed by firm name only where signing partners are chartered accountants; proprietors must be appointed individually. It enumerates disqualifications designed to secure independence, including corporate bodies (except LLPs), company officers and employees, specified financial interests or indebtedness of persons or their relatives, disqualifying business relationships, relatives in key managerial roles, full time employees or auditors exceeding the appointment cap, fraud convictions within the disqualification period, and related entities providing prescribed consulting or specialised services. An auditor who becomes disqualified shall automatically vacate office and draft rules will prescribe thresholds and definitions. en-us Tue, 14 Jan 2014 08:23:50 +0530 Tue, 14 Jan 2014 08:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5432 Section 141 restricts auditor eligibility to chartered accountants and allows firms and LLPs to be appointed by firm name only where signing partners are chartered accountants; proprietors must be appointed individually. It enumerates disqualifications designed to secure independence, including corporate bodies (except LLPs), company officers and employees, specified financial interests or indebtedness of persons or their relatives, disqualifying business relationships, relatives in key managerial roles, full time employees or auditors exceeding the appointment cap, fraud convictions within the disqualification period, and related entities providing prescribed consulting or specialised services. An auditor who becomes disqualified shall automatically vacate office and draft rules will prescribe thresholds and definitions. Articles Corporate Laws / IBC / SEBI Tue, 14 Jan 2014 08:23:50 +0530 https://www.taxtmi.com/article/detailed?id=5432