CA Firms in LLP As Companies' Auditors
This query is : Resolved
27 April 2009
As per Companies Act (Sec. 226 Qualifications & Disqualifications of Auditors), A Body Corporate cannot be appointed as auditors because it has Limited Liability.
In this case, if a CA Firm is registered as LLP, then, is it eligible to be appointed as auditors?
Please Clasify.
TIA, regards
Arjun
In this case, if a CA Firm is registered as LLP, then, is it eligible to be appointed as auditors?
Please Clasify.
TIA, regards
Arjun
27 April 2009
However, the clarification is yet to come, but its Cristal clear that LLP is a separate body from its partner and similar to body corporate, therefore CAs cannot form a LLP to practice.
28 April 2009
It will be certainly disqualified since the liablity is limited in a LLP which is not permissible.
03 May 2009
Agree with Mr. Nitin.
Probably CA Firms avoid registration by adopting the form of LLP.
Form of LLP attracts disqualification of section-226 for CA Firms due to the feature of Separate entity.
Probably CA Firms avoid registration by adopting the form of LLP.
Form of LLP attracts disqualification of section-226 for CA Firms due to the feature of Separate entity.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
