Disqualification u/s 226(3)

Dear All,

              I've Two Querries As Follows :-

             (1) Mr. A Is A Practising CA And The Credit Card Holder Of A Company and Is Permitted To Make Credit Purchases Upto a Sum Of Rs. 5000 At Any Time And To Clear Bills Within 3 Months Of The Date Of Purchase. Is He Qualified To  Appoint As Statutory Auditor Of That Company ? Explain With Reason.

(2) Mr. x Is The Auditor Of C Ltd. A Sum Of Rs. 1001 Is Taken By Him As Traveling Advance To Meet Traveling Expenses. Can He Continue Hold Office Of Auditor Or Not ? Explain With Reason.

 Thanks And Regards.