CA Inter P2 · Chapter 9 · Question 6 of 11
Which of the following is eligible for appointment as auditor of a company under section 141?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) A limited liability partnership registered under the LLP Act, 2008, in which the partners who sign are chartered accountants
Explanation
Section 141(1) allows a firm, including an LLP, to be appointed by its name if a majority of its partners practising in India are qualified; only chartered accountant partners may act and sign. Section 141(3)(a) disqualifies a body corporate other than an LLP. An officer or employee of the company, and a person in full-time employment elsewhere, are disqualified under section 141(3)(b) and (g).
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