Independent director and auditor


Student CA Final

Mr X is a Independent Director of ABC Ltd and then Mr X was appointed as an Statutory and Tax Auditor for DEF Pvt Ltd, which is sister concern of ABC Ltd, having common shareholding and common directors. Whether is it in compliance with Companies Act,2013 that Independent director can be an auditor of sister concern ? Having a vested interest in company can be a disqualification as an auditor? 

 
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