kritika poddar (article) (25 Points)
08 January 2016If i have a Practising ca Firm and i want to do audit of my brother's business which is in the form of a Company or a showroom, is it allowed considering all the aspects??
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 13 January 2016
As per sec.141(3) of the companies act, 2013, a person whose relative is a director or is in the employment of the company as a director or key managerial personnel, cannot be appointed as an auditor of that company
Accordingly, in your case it attracts disqualification
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 13 January 2016
As per sec.141(3) of the companies act, 2013, a "person" whose relative is a director or is in the employment of the company as a director or key managerial personnel, cannot be appointed as an auditor of that company Accordingly, in your case it attracts disqualification
kritika poddar
(article)
(25 Points)
Replied 13 January 2016
That is true for a company but if it is a showroom or a shop, then?
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 14 January 2016
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