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sarithareddy (Querist)
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12 February 2011 Hi...Friends,
i Have Small Doubt...
Mr.X,Practiced Chartered Accountant & relative of a Director Mr.Y
of a company Z.
Can Mr.X act as Statutory Auditor of Z company according to Companies Act 1956???

CA. Ramesh P Choudhary

CA. Ramesh P Choudhary (Expert)
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12 February 2011 Yes, even though Mr X is the relative of Mr Y , his appointment as the statutory auditor is Valid.
Refer section 226- Qualifications and disqualifications of auditor.

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