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Auditor appointment & substantial interest

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(Querist)
24 December 2012 Suppose Mr.X, father of CA Y has 10% of holding in a company and is Director of that company. Can the company appoint CA Y as Statutory Auditor/Internal Auditor of that Company?
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deepali agarwal

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deepali agarwal (Expert)
25 December 2012 Mr. Y cannot be the statutory auditor of the company...

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