Qualification of independent director

Dipendra Prasad Poudel (Article Assistant ( Internal Audit) )   (578 Points)

07 May 2014  

Section (149)(1)(e)(ii)

As per this provision none of the directors who has been an employee or partner or a proprietor, in anyof the three financial years immediately preceeding the financial year in which he is proposed to be appointed, of-

(A) a firm of auditors, CS in practice or cost auditors of the company or its holding, subsidiary or associate company, its holding, subsidiary or associate company; or

(B) any legal or a consulting firm that has or had any transaction with the company, its holding, subsidiary or associate company amounting to 10% or more of the gross turnover of such firm.

Query

Is this 10 % is for legal or consulting firm only or it is also for auditors, cs and cwa