21 December 2013
QUES.1 CAN A CA IN PRACTICE BUY SHARES OF A PRIVATE LIMITED CO. IN WHICH HIS SISTER & BROTHER IN LAW ARE DIRECTORS & SHARE HOLDERS, CO.'S MAIN OBJECT IS TRADING & DISTRIBUTION OF MOBILE PHONES?
QUES.2 CAN A CA IN PRACTICE ALSO BECOME DIRECTOR IN ABOVE SAID CO.?
21 December 2013
Yes, you can take shares of that company, but yes as and when you are taking shares of that company you will be ineligible to become statutory auditor of that company.
Yes you can become director of the company, if you are not statutory auditor of that company.
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