Hello Sir, there is a firm AB ltd having two partners Mr. A and Mr. B, Mr. A is to be appointed as an auditor in XYZ ltd. One of Mr. A’s relative Mr. C holds shares of face value of ₹ 1.5 lacs in XYZ ltd. Now as per sec 141(3)(d), Mr. A will be disqualified as his relative is holding share in excess of the limit of ₹ 1 lacs. Even the firm AB ltd will be disqualified to do audit in XYZ ltd. because if one partner is disqualified, the firm gets disqualified. But my question is will Mr. B also get disqualified to do audit in XYZ ltd in individual capacity? This is a PM question, question no. 40 of Jan 2017 edition if you want to refer.