Appointment of statutory auditor

Satish K Sekhar.ACCA (Service) (303 Points)

15 March 2012  

I understand a practising CA can be a director of companies in India but not a statutory auditor. But Can a former Director be appointed as the statutory auditor in a company???, But I think at least not for  the immediate previous year from the date of resignation of the director??

Can anybody shed some light into this please???