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Ca, 2013
Can Ordinary Director become the Auditor of a company as per section 141 of Chapter X of CA, 2013?
Replies (4)
No.
Director can't be appointed as auditor
Sir, MD & WTD are categorised as employees of the company.
But Ordinary Director is not an employee or officer of the company.
Can u please give the reason for your reply
I haven't read about new act yet ...
but still ordinary director is directly or indirectly attached with affairs of the company and auditor should be independent to give a true and fair view
which is not possible when he becomes director. Hence he is ineligible for becoming the auditor of the company. I'm talking about statutory auditor.
Yes, i just read the meaning of officer defined in CA, 2013.
And it includes "any director".
That means even ordinary director
Hence ordinary director is disqualified to be statutory auditor of a co.
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