Suppose XYZ & Co. is the auditor of POR & Associates and PQR & Associates is the auditor of ABC Private Limited. Now the question is that
Can the proprietor of XYZ & Co. become the director of ABC Private Limited?
Ritika (student) (24 Points)
14 October 2013Suppose XYZ & Co. is the auditor of POR & Associates and PQR & Associates is the auditor of ABC Private Limited. Now the question is that
Can the proprietor of XYZ & Co. become the director of ABC Private Limited?
Ankit
(CA, CS)
(3064 Points)
Replied 14 October 2013
Dear Ritika,
Yes, he can become the director in ABC. The conflict of Interest would arise if the proprietor of XYZ were a partner in PQR and not otherwise.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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