appointment of auditor

This query is : Resolved 

17 May 2011 1) Can relative of director be appointed as auditor of a pvt. ltd. co.

2) Can a person who was holding shares of pvt. ltd. co. be appointed as auditor if before appointment he sold all the shares.

pls ans

17 May 2011 1. Yes

2. Yes

17 May 2011 can u provide details as per sec 314




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