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Loan or advance to statutory auditor and internal auditor

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2014 can a company give Advance or loan to statutory Auditor or company.

thanks in advance
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 May 2014 not at all. that would disqualify the auditor under companies act and professional ethics..
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