Can auditor be a director of a company other than the one he audits
This query is : Resolved
18 October 2015
My first query is
CAN AUDITOR BE A DIRECTOR OF A COMPANY?
If no.. is there a possibility, a CA under clause 11 of sch 1 CA ACT 1949 with specific permission from ICAI to be a director and CA in practise override 143(3) of companies act 2013?
22 October 2015
An auditor (CA in whole time practise) can become a 'director simplicitor' in a company other than the one he audits.
Such permission from ICAI will not override 143(3)(g) because per se it is not a disqualification covered in section 164(2).
Such permission from ICAI will not override 143(3)(g) because per se it is not a disqualification covered in section 164(2).
27 October 2015
sorry Sir I have wrongly quoted the section as 143 (3) instead of 141(3) b which has the term "officer" which includes any director
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