Disqualification of Directors
This query is : Resolved
25 October 2009
Dear Experts
Kindly give your opinion regarding following-
Refer Sec. 274(1)(g)[Disqualification of Director] read with sec. 227(3)(f)[Power and Duties of auditor].
Now, I want to know whether a certificate is required(as stated in the Auditors Report), in the case of a PRIVATE COMPANY that no director is disqualified to act as director of the Company in case of Statutory Audit as per Companies Act, 1956?
Plz explain co-relating with the sections of the Companies Act, 1956 along with Directors Disqualification Rule notified in this regard.
Kindly give your opinion regarding following-
Refer Sec. 274(1)(g)[Disqualification of Director] read with sec. 227(3)(f)[Power and Duties of auditor].
Now, I want to know whether a certificate is required(as stated in the Auditors Report), in the case of a PRIVATE COMPANY that no director is disqualified to act as director of the Company in case of Statutory Audit as per Companies Act, 1956?
Plz explain co-relating with the sections of the Companies Act, 1956 along with Directors Disqualification Rule notified in this regard.
CA. B.SRINIVASULU
(Expert)
25 October 2009
Yes auditor has to compulsorily collect the certificate from each director that he is not disqualified.
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