One of the Private Ltd company having My Sister and her sons are the Directors
Can I accept the appointment as a Statutory Auditor
3 Replies
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 03 October 2016
Clause (f) of Section 141(3) of Companies Act,2013 specifically deals with such situation which says that a person whose relative is a director or KMP of the company shall not accept such engagement as an auditor.
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 03 October 2016
you cann't appoint. Agree with Harshal Totla.
FCA surbhi jain
(FCA)
(997 Points)
Replied 03 October 2016
No sir. Co.act states that no person shall be appointed as a statutory auditor of that company in which his relative is a director or KMP of that co.. u cant.
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