Disqualification of auditor
This query is : Resolved
Tara Khandelwal
(Querist)
08 February 2019
A pvt company named X supplies goods to a pvt company named Y
Mr.B is a director in the company Y
Mr.B is also the statutory auditor of company X
Can Mr.B is disqualified from acting as the auditor of Company X
Mr.B is a director in the company Y
Mr.B is also the statutory auditor of company X
Can Mr.B is disqualified from acting as the auditor of Company X
Amol S Joglekar
(Expert)
09 February 2019
if the said transactions are commercial transactions which are in the ordinary course of business of the company at arm’s length price - then no disqualification
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