If relative hold securities less than 100000 but holding is more than 20% or vice versa. Is CA disqualified as auditor???

Questions › Category: Co. Audit - I › If relative hold securities less than 100000 but holding is more than 20% or vice versa. Is CA disqualified as auditor???

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dimple garg asked 6 years ago

Question Tags: Tag 3

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Ravi Staff answered 6 years ago

If relatives hold more than 1,00,000 Face Value CA will be disqualified under Company Act 2013
If relatives hold 20% or more voting power then not able to give opinion under Council Guidelines 2008
If covered in any of the above or both then CA cannot do audit