Cap. 168 Art. 141Disqualification for appointment as auditor.

(1) A person shall not be qualified for appointment as auditor of a company unless he is an individual who holds a warrant to act as auditor issued under the Accountancy Profession

Act, or is a partnership of auditors duly registered under the said Act and -

(a) in the case of an individual, he is not -

(i) an officer or servant of the company; or

(ii) a partner or in the employment of an officer or servant of the company; or

(iii) related by consanguinity or affinity in the direct line, or, up to the third degree, in the collateral line, to any officer of the company;

(b) in the case of a partnership none of the partners is an individual who is not qualified to be appointed as auditor of the company.

(2) The provisions of sub-article (1) in regard to the appointment of an auditor shall also apply in regard to the holding of such appointment.