Independence of auditor

Krishna Prasad (Partner) (260 Points)

29 November 2013  

I AM A PARTNER IN A FIRM OF CHARTERED ACCOUNTATNS. MY FIRM IS DOING THE CONCURRENT AUDIT OF A BANK. NOW I WANT TO TAKE A VEHICLE LOAN FROM BANK.

I WANT YOUR ADVICE WHETHER CAN I TAKE LOAN OR NOT. SEC-226 PROVISIONS APPLY ONLY WHEN I TAKE LOAN FROM COMPANY. PLEASE ADVICE ME