Appointment of auditor
This query is : Resolved
26 September 2014
Can a Director of Subsidiary company be appointed as an auditor of Holding company as per the provisions of Companies Act, 2013
26 September 2014
should not be allowed under 141(3)(d)(i)
further ICAI ethics also wont allow such engagement
further ICAI ethics also wont allow such engagement
26 September 2014
No.
Section 141 (3) of the Act read with Rule 10 prescribed that certain persons shall not be eligible for appointment as an auditor
of a company, which includes A person who himself or his relative/partner is holding any security or interest in the company, or any company which is its holding, subsidiary, associate
Section 141 (3) of the Act read with Rule 10 prescribed that certain persons shall not be eligible for appointment as an auditor
of a company, which includes A person who himself or his relative/partner is holding any security or interest in the company, or any company which is its holding, subsidiary, associate
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
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- 139(4) for ITR-5- audit
- TDS-Fixed assets
- Joint Account Closure
- Can Stamp duty taken as a expense
- Are reflected in 2B in GST portal
- Advice on How to calculate the peak balance needed for schedule FA in India for US checking account?
- Registartion of trust
- Bill from receipant
- Liquidation of a company- treatment of surplus ( negative) in preparing liquidators statement
- TDS on LRS into NRO account (deposit from real brother as gift)
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- REGARDING FRESH ASSESSMENT ORDER TIME LIMIT
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
- Classification of unclassified authorised capital
- GST registration
- Royalty TDS for brass
- Spl02 waiver of interest and penalty
- Form inc-24
- Regarding EPR Obligation Charges
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
