What are the guidelines for the annual auditors' appointing for Indian entities?

Auditors are appointed by the Board of Directors.

• The appointed auditor must be a chartered accountant.
• She or he may not be an employee or partner of the company, hold security of the company or be indebted to it.
• The auditor is always appointed from one AGM to another by the shareholders, except for the first auditor, who is responsible from start of business until the first AGM.
• Auditors shall have right of access at all times to the books, accounts and vouchers of the company.