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Questions › Category: Co.Audit - II › Relative 2(77) companies act
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Shubham Tiwari asked 3 years ago

Sir,
Is brother in law is relative as per companies act ?
Means for a person it covers his relatives plus relative of his spouse?
Because in 1 question of institute the have taken brother in law as relative.

1 Answers
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RaviRavi Staff answered 3 years ago

brother in law is not covered in definition of relative as per co act
it is covered in definition as per income tax act
as per AS 18, which is applicable  while solving prof ethics again he is not covered 
share where they have done it