Auditor appointment & substantial interest
This query is : Resolved
S.Malleswara Rao
(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?
deepali agarwal
(Expert)
25 December 2012
Mr. Y cannot be the statutory auditor of the company...
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