05 June 2018
Kindly clarify provision of companies Act and income tax act , where father is the director of a college registered under religious trust and his son is appointed as a statutarry auditor of the same college,the college is run by a governing board where the director signs the financial statements.
05 June 2018
a basic thing. If it is a trust, the companies act doesn't apply. ICAI Ethics standards desist but not bar such appointment. Income-tax act doesn't put any bar on such appointment.
CAclubindia
