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Disqualification of auditor as director

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 September 2014 a person who is a ca in practice is a director of subsidairy company,whether he can be appointed as auditor of its holding company????????
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
29 September 2014 No.

A person who himself or his relative/partner is holding any security or interest in the company, or any company which is its holding, subsidiary, associate shall not be eligible for appointment as an auditor of a company- Section 141(3) of the Companies Act, 2013
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