Eligibility, qualifications and disqualifications of auditors.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....   Provided that a firm whereof majority of partners practising in India are qualified for appointment as aforesaid may be appointed by its firm name to be auditor of a company.      (2) Where a firm including a limited liability partnership is appointed as an auditor of a company, only the partners who are chartered accountants shall be authorised to act and si....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....p;  (i) is holding any security of or interest in the company or its subsidiary, or of its holding or associate company or a subsidiary of such holding company.      Provided that the relative may hold security or interest in the company of face value not exceeding one thousand rupees or such sum as may be prescribed;         ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ociate company of such nature as may be prescribed;                (f) a person whose relative is a director or is in the employment of the company as a director or key managerial personnel;                (g) a person who is in employment elsewhere or a person ....