Which section of the Companies Act, 2013 deals with an auditor’s eligibility, qualifications and disqualifications?
Question and options
Which section of the Companies Act, 2013 deals with an auditor’s eligibility, qualifications and disqualifications?
Sec 143
Sec 142
Sec 141
Sec 144
Answer and explanation
Correct answer: C - Sec 141
Section 141 of the Companies Act, 2013 sets out who is eligible for appointment as auditor (a chartered accountant or a firm of them) and lists the disqualifications in section 141(3). Section 142 deals with remuneration, section 143 with powers and duties, and section 144 with services an auditor may not render.
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