15 October 2015
As per companies act 2013, the qualification of an auditor is that he should CA as per CA act. Also he is disqualified if he is in employment elsewhere. But it is nowhere written that he should be practising CA. So whether a CA not holding COP can be auditor of company if he is not in employment elsewhere?
15 October 2015
Provision says that he should be CA with in the meaning of CA act. As per section 2(1)(b) of CA act 1949, CA means, a member of institue.