As per 20 Case Law, Ca is not eligible to become auditor if he is taken loan from bank agst FD.So my question is whether limit of company section for indebtedness applicable or not

1 answer

Ravi Staff May 2, 2018

https://auditguru.in/question/sir-as-per-
Please see below link 
sec-141-of-companies-act-2013-the-person-is-allowed-for-indebtness-upto-₹500000-and-in-ca-act-1959-the-second-schedule-part-1-clause-4-the-auditor-of-bank-is-allowed-to-have-o/

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