not tough and not easy either....
people with good nerves handled it very well......
How was the AUDIT today??
Page no : 2
chetan jain
(cj)
(203 Points)
Replied 06 May 2010
"silent heart" absolutely right...!!! meri true false ne band baja diya.....!!!
Shrinaath Paravasthu
(Articles)
(62 Points)
Replied 06 May 2010
whats the answer for the question on disqualification Q No2(a)
chetan jain
(cj)
(203 Points)
Replied 06 May 2010
koi batayega ki state financial corporation aur public financial corporation mai kya difference h???
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 06 May 2010
| Originally posted by : Ragav Manian | ||
 |
answer is he is qualified to be an auditor because he has cleared his debt before his appointment ` 226(3) a person who is indebted to a company for an amount exceeding 1000 is not qualified. |
 |
yes you are rite :-)
Shrinaath Paravasthu
(Articles)
(62 Points)
Replied 06 May 2010
Section says "a person who is indebted to the company for an amount exceeding one thousand rupees, or who, has given any guarantee or provided any security in connection with the indebtedness of any third person to the company for an amount exceeding one thousand rupees;"
But does not say time . but he is appointed for 1.4.8-31.3.9 in which time he was indebted >1000.
though auditor term is only from an AGM to next AGM but period ends on 31.3.9 .
he does not begin the audit period from appointment date nor does it upto next agm .appointment is only for FY only
so he is disqualified
chetan jain
(cj)
(203 Points)
Replied 06 May 2010
bhaiyon iska jawaab to mere khayal se kisi ca teacher k pass bhi nai hoga.... kyunki iske baare mai co's act mai specifically kuch nai likha h.......!!!!
Shrinaath Paravasthu
(Articles)
(62 Points)
Replied 06 May 2010
r u telling that if i'm indebted at begin of year and pays my debt at end of year,i'll not be disqualified .since indebtness means "PRESENT TENSE"
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