Saurabh SinghSaurabh Singh asked 2 years ago

Sir, Mr. Ramesh is appointed as a statutory Auditor of POR LTD. which is Subsidiary of OPR LTD. And in OPR LTD Mr. Suresh is Director who is Relative of Mr. Ramesh. Is his Appointment valid?? Or is he disqualified. 

1 Answers
Auditaudit Staff answered 1 year ago

Hmm, rhyming words.
Mr R is appointed as auditor of Subsidiary Co
Mr S is director of Holding Co
Mr R is relative of Mr S
Is appointment valid?
Auditor is disqualified if his relative is director etc in “THAT Company”
here relative is in holding so it is absolutely fine, Me R is not disqualified, appointment is valid.

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