Dear all ,
As per section 141 Eligiblity, qualification & Disqualification of auditor
“a person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant within the meaning of Chartered Accountants Act, 1949 .
It has been further provided that the firm shall also considered to appointed by its firm name whereof majority of partners practising in India are qualified for appointment as auditor of a company.
Please Clearify that :-
If Firm having 10 partners out of 10 - 6 are CA & Eligible to appoint as auditor under Companies act 2013 however other 4 are not CA than whether such firm is eligible for appointment under sec 141.
Thanks in advance
CAclubindia
