Disqualification of auditor

Corporate & Other Laws

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

Sunita Gupta

CA Inter

★ 2K+

25-Jun-20 23:00

746

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

CA Final

★ 2K+

26-Jun-20 11:26