Section 141 of companies act 2013

Dear sir,

as per section 141(3)d)(i) of the companies act,2013 along with rule 10 of the companies (Audit and Auditors) Rule,2014, a person shall not be eligible for appointment as an auditor of a company, who , or his relative or partner is holding any security of or interest in the company or it's subsidiary, or of it's holding or associate company or a subsidiary of such holding company.provided that the relative may hold security or interest in the company of face value not exceeding rupees one lakh.

Regards.....