Disqualification of auditor
This query is : Resolved
18 January 2012
Can A relative (as defined under companies Act or income Tax Act) of share holder become an auditor of private limited company in which that share holder is holding 51% or more shares?
please also take into consideration the professional ethics that is to be followed by ICAI member
please also take into consideration the professional ethics that is to be followed by ICAI member
Guest
Guest
(Expert)
19 January 2012
19th January, 2012
Dear Abhishek,
The relative will be treated as an interested party and hence is ineligible to take up the audit of the private limited company.
FCA Prashant Chavan
Mumbai
Dear Abhishek,
The relative will be treated as an interested party and hence is ineligible to take up the audit of the private limited company.
FCA Prashant Chavan
Mumbai
19 January 2012
Thank You Sir.
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