1 Answers
RaviRavi Staff answered 2 years ago

Hello Saurav
Earlier in company act 1956, CA’s relatives having substantial interest and relative being director was not covered under disqualification, such things were prohibited as per clause 4 and related clarifications issued by ICAI. so these questions were solved only as per clause 4, these questions were originally drafted as per clause 4.
but now as per company act 1956, relative having shares and relative being director are covered as disqualification under new company act 2013. when icai revised PM they saw it as disqualification under company act , and hence they applied clause 9 where auditor has to check compliance of company act before acceptance.
in my opinion company act disqualification / clause 9 / clause 4 all the three should be specified while answering. 

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