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).

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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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