Can HUF become an statuory auditor of company if Karta and all co-parceners are CA with COP?
2 Replies
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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