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  3. In section 141 of disqualification of auditor.. The auditor’s relative can hold maximum of 100000 ₹ face value shares.. This limit is for all relatives or each relative 100000₹?
Questions › Category: Co. Audit - I › In section 141 of disqualification of auditor.. The auditor’s relative can hold maximum of 100000 ₹ face value shares.. This limit is for all relatives or each relative 100000₹?
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Auditaudit Staff asked 9 years ago
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RaviRavi Staff answered 9 years ago

Hello Nupur limit of Rs 1,00,000 is for each relative. As we read law only relative is written not relatives.