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Feb 20, 2015 · Extract of Section 141 of the Companies Act,2013. 141. Eligibility, qualifications and disqualifications of auditors (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant:
Jul 11, 2024 · (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant in practice. (2) Where a firm is appointed as an auditor of a company, only the partners who are Chartered Accountants in practice shall be authorised by the firm to act and sign on behalf of the firm.
THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS Last update-29-7-2022 _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 3A. Members severally liable in certain cases. 4. Memorandum. 5.
141. (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant: 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.
SECTION 141. ELIGIBILITY, QUALIFICATIONS AND DISQUALIFICATIONS OF AUDITORS. [ Effective from 1st April, 2014] (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant:
Jan 30, 2021 · As per the Section, only chartered accountants are eligible for appointment of auditors. Where a firm including a limited liability partnership is appointed as an auditor of company, only the partners who are chartered accountants shall be authorised to act and sign on behalf of the firm.
141. Eligibility, qualifications and disqualifications of auditors.— (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant: 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 ...
Apr 1, 2023 · Section 141 of the Companies Act, 2013 deals with the auditor of a company. More specifically, it talks about the eligibility, the qualifications required and the disqualifications of an auditor. For any company, the auditor plays a role of immense importance.
Sep 10, 2023 · Section 141 of CA 2013 provides for eligibility, qualifications and disqualifications of auditors. Recently, we have discussed in detail section 140 (Removal, resignation of auditor and giving of special notice) of CA 2013. Today, we learn the provisions of section 141 of Companies Act 2013.
Feb 22, 2021 · the CAG of India shall, in respect of a financial year, appoint an auditor duly qualified to be appointed as an auditor of companies under this Act, within a period of 180 days from the commencement of the financial year, who shall hold office till the conclusion of the annual general meeting.
