Clarification


This query is : Resolved 

27 August 2008 author : teena banwari
Posted On : 8/27/2008 9:02:50 PM
Is preference share holder of a company can do an audit of same company ?



Expert : Jitender
Posted On : 8/27/2008 11:00:14 PM
yes ,he can do.

Plz Provide Relevant Provision Of Companies Act or Any other Act.


28 August 2008 as per sec 226 when an auditor holds security having voting right ,then he can't be the auditor ,otherwise he can be.


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