Company I is a share holder in Company II . Mr. X, who is a director of Company I applies for to be appointed as auditor of company II. Can Mr. X be Appointed as auditor of compnay II?
8 Replies
Dinkar Bagaria
(Article)
(22 Points)
Replied 18 July 2009
| Originally posted by :somya | ||
| " | Company I is a share holder in Company II . Mr. X, who is a director of Company I applies for to be appointed as auditor of company II. Can Mr. X be Appointed as auditor of compnay II? | " |
yes directors of the company who is a share holder of the company is not disqualified for becoming a auditor
Dinkar Bagaria
(Article)
(22 Points)
Replied 18 July 2009
| Originally posted by :somya | ||
| " | Company I is a share holder in Company II . Mr. X, who is a director of Company I applies for to be appointed as auditor of company II. Can Mr. X be Appointed as auditor of compnay II? | " |
yes directors of the company who is a share holder of the company is not disqualified for becoming a auditor
vikash gupta
(CHARTERED ACCOUNTANT IN PRACTI)
(66 Points)
Replied 18 July 2009
| Originally posted by :somya | ||
| " | Company I is a share holder in Company II . Mr. X, who is a director of Company I applies for to be appointed as auditor of company II. Can Mr. X be Appointed as auditor of compnay II? | " |
Mr.X can be appointed as auditor as the shares are held by the company , however it is advisable to make to disclosure of the fact
rakesh
(artical)
(29 Points)
Replied 24 November 2009
Yes Mr. X can be Appointed as auditor of compnay II.
PUSHPENDER SINGH
(PCC, ARTICLE)
(30 Points)
Replied 25 November 2009
| Originally posted by :somya | ||
| " | Company I is a share holder in Company II . Mr. X, who is a director of Company I applies for to be appointed as auditor of company II. Can Mr. X be Appointed as auditor of compnay II? | " |
Yes Mr. X can be appointed as auditor of company II, but he has to disclose his interest in company I.
Ameet
(L)
(1678 Points)
Replied 01 December 2009
I think facts are not clear. Whether director is practicing Chartered Accountant ?
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