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CA in practise-Professional ethics

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(Querist)
05 February 2011 Suppose CA in practise is a auditor of a Company say A ltd and the same CA is a major shareholder of another company namely B ltd. If B Ltd. is the sister concern of A Ltd, whether the appointment of the CA for A Ltd. is valid as per professional ethics of ICAI?
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
05 February 2011 That is not a professional misconduct.
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CA Rohit Garg

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CA Rohit Garg (Querist)
05 February 2011 Sir can u elaborate a little?
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
05 February 2011 CA is a auditor in A ltd. and shareholder in B ltd(sister consern of A ltd.)
according to me this is not case of professional misconduct.
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CA Rohit Garg

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CA Rohit Garg (Querist)
05 February 2011 Thnx for the reply sir..
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
05 February 2011 you most welcome
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