Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Dir kyc

manoj (Account Executive) (37 Points)

21 August 2018

can shareholder of co. being Practicing CA or Auditor of company can attest and sign DIR KYC forms of director of same company in which he is Shareholder or Auditor?

Reply
Follow
Share

6 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 21 August 2018

First of all CA ofcompany i.e auditor of company cannot hold shares in his name he is disqualified u/s 142

For second question No, he cant sign it being auditor but yes he may sign it if he is just shareholder

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

manoj (Account Executive) (37 Points)
Replied 21 August 2018

1. it means if i m auditor of company then i can not attest and sign dir kyc

2.if i am shareholder in a company then i can attest and sign dir kyc

Sarath Rajendran (Nil) (2791 Points)
Replied 21 August 2018

The Form shall be digitally signed by a Chartered Accountant, Cost Accountant or Company Secretary, who is in whole-time practice.

Vatsla Alagh (1545 Points)
Replied 21 August 2018

As per my view, this form is not about a company.. Its abt an individual who is having a valid DIN. So even if the auditor of a company certifies such form, there shall not be any harm in that

Himanshu (student) (50 Points)
Replied 22 August 2018

A person who holds share can't be appointed as an auditor of such company. So he can't do any activity which should be done by an auditor for concerned company.

Upgrade to CAclubindia Pro. Subscribe Now!

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 22 August 2018

Originally posted by : Himanshu
	A person who holds share can't be appointed as an auditor of such company. So he can't do any activity which should be done by an auditor for concerned company.