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Bhargav Nirmal asked 3 months ago

A & B is article of XYZ & Co, auditing firm & XZY & CO. has audit of PQR ltd listed company. Article A is engaged in audit of PQR ltd. Can article A has purchase share of PQR ltd. & Can article B has purchase share of PQR ltd. ?

1 Answers
RaviRavi Staff answered 2 months ago

co act restrictions are on partners & relatives
no restrictions on articles
articles can purchase shares irrespective whether they are in audit team or not
so as per co act it is absolutely fine

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