There is a Company ABC. It has three subsidiaries 1, 2 & 3.
XYZ is Internal Auditor of Subsidiary 2.
QUESTION
Can XYZ be Statutory Auditor of any other Subsidiary say 1 or 3?
I would be grateful if you can support your answer.
Menu
Can Internal Auditor be Stat Auditor of other Subsidiary
Replies (1)
no he can not be appointed as statutory auditor...
because as per sec 226(3) of the companies act,1956, a person can not be appointed as auditor of a company if he is disqualified from appointment as auditor of any of its subsidiary or holding co..
Recent Threads
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
Related Threads
CAclubindia
