As per Sec. 226(3)(e), the legislator has introduced a very strigent requirement whereby an auditorshall not be able to hold even a single share or any other kind of security.A firm would be disqualified to be appointed as an auditor even one partner is diqualified under this clause.
Now my question is:
whether the firm of auditors would be disqualified under this particular clause only in case any one or more of the auditors are disqualified or in any other Sections it would be the same result.
i.e i am asking you that disqualification of firm is limited to this clause only or apply to other cases also where a partner is diqualified under sec. 226(4) or other provisions.
I am asking is that if a partner of a firm of CAs is disqualified under other than provisions stated above than result will be the same or the firm still can be appointed as auditors of another company/ companies ?
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