Disqualification of auditor u/s 141(3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2014
Dear Members,
ABC Associates, consisting of 3 partners i.e. Mr. A, Mr. B and Mr. C, is a Statutory Auditor of M/s. XYZ Pvt Ltd. Auditor Mr. A's wife Mrs. A is one of the shareholder of the company i.e. M/s. XYZ Pvt. Ltd. holding 1000 eq. shares. Mr. B another partner in the firm signs the balance Sheet of said company.
Will this get covered under disqualification specified u/s. 141(3)(d).
ABC Associates, consisting of 3 partners i.e. Mr. A, Mr. B and Mr. C, is a Statutory Auditor of M/s. XYZ Pvt Ltd. Auditor Mr. A's wife Mrs. A is one of the shareholder of the company i.e. M/s. XYZ Pvt. Ltd. holding 1000 eq. shares. Mr. B another partner in the firm signs the balance Sheet of said company.
Will this get covered under disqualification specified u/s. 141(3)(d).
02 December 2014
if the value of share is less than or upto 1 lakhs held by relative i.e mrs.A then disqualification is applicable under sec 141 (3)d
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