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      Question

      Which of the following persons shall be eligible for

      appointment as an auditor of a company? 1. A limited liability partnership firm. 2. A partnership firm 3. A private limited company 4. An officer or employee of the company; 5. A person who is in full time employment elsewhere provided that he is a Chartered Accountant.
      A 1 only Correct Answer Incorrect Answer
      B 1, 2 only Correct Answer Incorrect Answer
      C 1, 3, 4 only Correct Answer Incorrect Answer
      D 1, 2, 5 only Correct Answer Incorrect Answer
      E All Correct Answer Incorrect Answer

      Solution

      As per Section 141(1) of the Companies Act 2013, the following persons shall not be eligible for appointment as an auditor of a company A body corporate other than a limited liability partnership registered under the Limited Liability Partnership Act, 2008. An officer or employee of the company. A person who is in full time employment elsewhere.

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