Ca ethics query?? urgent

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2013 As per Co Law & CA Ethics, can a shareholder of a private company be the auditor of that company? Thks in advance.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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06 April 2013 Section 226(3)(e) provides that a person holding any security of the company shall be DISQUALIFIED from being appointed as auditor of that company.

CA. SUDHARSAN K G

CA. SUDHARSAN K G (Expert)
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06 April 2013 DISQUALIFICATION OF AUDITORS

By virtue of Section 226 "A person who is holding any security of that company, after a period of one year from the date of commencement of Companies (Amendment) Act, 2000 cannot be appointed as auditor of a Company"

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Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2013 What if the shares are held by the relatives ( wife, Children). Can such person become the auditor if the company??