A Chartered Accountants can not be an Auditor and Liquidator at the same time of the same Company. Reason being such position may create conflict of interest and adversely affect the independence of Statutory Auditor.
22 July 2009
Thank You SIR for your reply but can you plaese expand it a bit more. like is there any reference that can prove it or give solid backup to the answer.
CAclubindia
