Disqualification of auditor

Auditing

In disqualification, Relative may hold securities of face value not exceeding Rs.100000. My doubt is face value of Rs. 100000 is for each relative separately or in aggregate?

Vicky 027

CA Inter

★ 2K+

13-May-21 09:55

666

Answers (2)

It is for aggregate only as in the book it is not mentioned for each person

Miradevi S

CA Final

★ 16K+

13-May-21 10:18

Limit must be calculated in aggregate.

Yoga Vishnu

CA Final

★ 11K+

13-May-21 10:43