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Udeet Kanodia asked 10 months ago
1 Answers
RaviRavi Staff answered 10 months ago

Disqualifications are applicable to all companies, there are no exemptions to private company anywhere.
Further Clause 2, Part 1, Second Schedule may not be covering word relative but council guidelines 2008 covers the same point with respect to relatives, so ultimately relatives are covered, so 
CA + Partner holding substantial interest — Cannot do Audit as per Clause 4
CA + Relatives holding substantial interest — Cannot do Audit as per council guidelines 

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