Private limited co auditor

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2018 ABC Audit firm is having 3 partners A,B & C. Partner C is a relative ( brother) of Managing Director in XYZ Private limited. Can ABC audit firm be appointed as auditor of XYZ Private limited?
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 November 2018 Also the Managing Director holds 50% shares in the company.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2018 Dear Experts please your early rely will be highly appreciated
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
12 November 2018 NO. ABC Audit firm can't be appointed as auditor as MD being relative of partner is holding security in the company

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