Appointment of auditor
This query is : Resolved
Mayank mehta
(Querist)
26 September 2014
Can a Director of Subsidiary company be appointed as an auditor of Holding company as per the provisions of Companies Act, 2013
Nikhil Kaushik
(Expert)
26 September 2014
should not be allowed under 141(3)(d)(i)
further ICAI ethics also wont allow such engagement
further ICAI ethics also wont allow such engagement
CS Mitesh Mehta
(Expert)
26 September 2014
No.
Section 141 (3) of the Act read with Rule 10 prescribed that certain persons shall not be eligible for appointment as an auditor
of a company, which includes A person who himself or his relative/partner is holding any security or interest in the company, or any company which is its holding, subsidiary, associate
Section 141 (3) of the Act read with Rule 10 prescribed that certain persons shall not be eligible for appointment as an auditor
of a company, which includes A person who himself or his relative/partner is holding any security or interest in the company, or any company which is its holding, subsidiary, associate
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