Question

Which of the following persons is qualified for appointment as auditor of a joint stock company?

• A. A body corporate
• B. An employee of the company
• C. A person who is indebted to the company for Rs.500
• D. None of the above

Answer 1

The correct option is D None of the above

As per the provisions of the companies act any body corporate, employee, director or relative of such employee or director, person who is indebted to the company, acts as a guarantor to the company is disqualified to be the director the company.