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company audit

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(Querist)
08 May 2010 what is the period during which disqualification, u/s 226(3) regarding indebtedness for an amount exceeding Rs. 1000 is attracted ?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 May 2010 Any time during the year
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CMA RV Padmakumar.A

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CMA RV Padmakumar.A (Expert)
08 May 2010 As long as he is an auditor from appointment to next AGM.
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Rahul Gupta

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Rahul Gupta (Expert)
08 May 2010 Agreed with Experts. while any time during the period he is an auditor, if his indebtedness exceeds Rs.1,000 towards the company, he is disqualified from being the auditor of the company.

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