Company audit

Rahul Toshniwal (Student CA Final ) (27 Points)

28 November 2012  

Section 226 of the Co.s Act'56 disqualifies the Auditor for being indebted to its client for an amt exceeding Rs. 1000;but what if the client is indebted to the auditor for any "x" amt and for "y" no. of years...????will dis also amt to disqualificatn?