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Disqualification of auditor
A pvt company named X supplies goods to a pvt company named Y
Mr.B is a director in the company Y
Mr.B is also the statutory auditor of company X
Can Mr.B is disqualified from acting as the auditor of Company X
Replies (1)
To best of my knowledge, auditor will be disqualified as per Sec 141 (3) (e) "..... a person or firm, having directly or indirectly, business relationship with the company.."
Also refer Rule 10 of Companies (Audit and Auditors) Rules
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