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Partner's relative share holding

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future smart stupid
293 Points Posted on 21 August 2018
GSD firm having CA G, CA S and Mr D(not CA) having partners.. now relative of Mr D is holding shares of 120000(fv) of ABC limited..

are CA G or CA S allowed for audit of ABC limited
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On 21 August 2018 at 12:05 Report
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practitioner
553 Points Posted on 21 August 2018

No GSD firm cannot do audit

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On 21 August 2018 at 12:13
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10 Points Posted on 23 August 2018
I think GSD can do audit of ABC.LTD because Mr.D is not a CA therefore he is not counted as person as per second 141(1) of companies act 2013, therefore his relative shareholding may not counted for disqualification , if I am wrong pls suggest...
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On 23 August 2018 at 22:06
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future smart stupid
293 Points Posted on 23 August 2018
I have similar view as Usha...
condition of holding share is to person(to be auditor) or his relative or partner as per section 141(3)(d)(i)

but if any CA partner's relative is there then answer may significantly change
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On 23 August 2018 at 22:40


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