Auditor as a creditor of a company
This query is : Resolved
13 July 2012
Can a statutory auditor gives loan to the same company for which he sings. If possible mention with section and/or case laws.
Ajay Mishra
(Expert)
13 July 2012
Hi
Please read section 226(3) of the Companies Act, 1956 dealing with qualification and disqualification for appointing an auditor of company.
Please read section 226(3) of the Companies Act, 1956 dealing with qualification and disqualification for appointing an auditor of company.
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