Who can be an auditor of a company in India?

Only an independent chartered accountant or a partnership firm of chartered accountants can be appointed as the auditor of a company. The following persons are excluded from being qualified as company auditors according to the Companies Act:

• A body corporate;
• An officer or employee of the company;
• A person who is partner with an employee of the company or employee of an employee of the company;
• Any person who is indebted to a company for a sum exceeding INR 1,000/- or who have guaranteed to the company on behalf of another person a sum exceeding INR 1,000; or
• A person who has held any securities in the company after one year from the date of commencement of the Companies (Amendment) Act 2000.