EQUITY SHARES
This query is : Resolved
02 July 2010
EXCEPTIONALLY EQUITY SHAREHOLDERS DONT HV VOTING RIGHTS SO IF A CA WITH COP HOLDS A EQUITY SHARE OF A COMPANY HVING NO VOTING RIGHTS CAN BE THE AUDITOR OF THAT COMPANY? REASON?
02 July 2010
As per Section 226 of Company Act, 1956 a person having the securities of a company can not be appointed as an auditor of that company. Here securities means security carrying voting rights.
02 July 2010
ok but what abt preference shareholders isnt it a security as generally they dnt hv voting right.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
