Tara Khandelwal (Student CA Final ) 09 February 2019
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
Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) 09 February 2019
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