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Nadeem asked 1 year ago

Will the relatives of all the partners of a ca firm be disqualified if the firm is indebted for an amount exceeding Rs 500000?

1 Answers
RaviRavi Staff answered 1 year ago

we have to see from point of view of CA and not point of view of relative
if firm is indebted more than 5,00,000 firm is disqualified
partners will also get disqualified 
if relative is indebted more than 5,00,000 then ca is disqualified
we have to check disqualification in aggregate CA + Partner + Relative, not exceeding 5,00,000    

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