19 January 2016
DEAR SIR/ MADAM, PLEASE SPECIFY WHETHER A PERSON WHO WAS A PROFESSIONAL DIRECTOR IN A PRIVATE COMPANY WHICH HAS NOW TAKEN OVER BY OTHERS CAN BE APPOINTED AS STATUTORY AUDITOR IN THAT COMPANY AFTER HIS RESIGNATION AS PROFESSIONAL DIRECTOR?
According to Section 141 such person is not disqualify to appoint as Statutory auditor of the Company. Disqualification criteria will be check on the date of appointment.
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