158.
| (1) No person who is-
| | (a) an officer or servant of the company; | | |
| | (b) a partner of or in the employment of an officer or servant of the company ; | | |
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| (2) No person shall be eligible for appointment as an auditor of a company unless he (a) is a member of the Institute of Chartered Accountants of Sri Lanka ; or (b) has the necessary qualifications referred to in subsection (7) of section 156. |
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| (3) Any person who acts as an auditor of a company in contravention of the provisions of subsection (1) shall be guilty of an offence and shall be liable to a fine not exceeding one thousand rupees. |
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Sri Lanka Consolidated Acts