Can HUF become an statuory auditor of company if Karta and all co-parceners are CA with COP?
Rajan Bhardwaj (Student) (49 Points)
11 August 2013Can HUF become an statuory auditor of company if Karta and all co-parceners are CA with COP?
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 11 August 2013
Dear Rajan,
In Chartered Accountants Act, 1949 as amended by C.A. (Amend.) Act, 2006, a person can practice either as Individual - either as sole practitioner or sole proprietor,
or
as in Partnership Firm - as a Partner.
No other way of doing Practice is open to a C.A.
Thus, HUF can't be an auditor in a company, though the Members/Karta etc. can audit individually.
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
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