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Dhanya asked 4 months ago

Sir, if an auditors relative has acquired shares worth face value more than 1lakh..auditor shall become disqualified and further corrective action can be taken within 60 days so auditor can get appointed after that.my question is in case of rotation,if auditor get disqualified for the above issue then whether the auditor will enter into cooling period or shall he continue?

1 Answers
RaviRavi Staff answered 4 months ago

once term comes to an end because of any reason, it will be assumed that that particular term is over
and if maximum tenure is over then rotation can get applicable, if company is covered under rotation

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