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Disqualification of auditor

If relative of auditor purchase shares in subsidiary company of face value 90000. Auditor will be disqualified or not??


Sunita Gupta

Sunita Gupta

CA Inter

1K+

25-Jun-20 23:00

22

Answers (1)

Auditor is not disqualified since a relative can hold security of amount not exceeding fv 1,00,000. In simple words a relative can hold security worth upto fv 100,000


Rakesh Prabhu

Rakesh Prabhu

CA Final

2K+

26-Jun-20 11:26