Mr Ramu is a Chartered Accountant and have business relation with M s Reliance Ltd which is associat...........

Companies Act-Phase (I & II) Audit and auditors

Mr. Ramu is a Chartered Accountant, and have business relation with M/s Reliance Ltd. which is associate company of Infotech Ltd. Whether Mr. Kunal is eligible to appoint as auditor in M/s Infotech Ltd.?

Yes

Partly Yes

Partly No

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Explanation:

Section 141(3) (e) of the Companies Act, 2013, a person or a firm who, whether directly or indirectly, has a business relationship with the company, its subsidiary or its holding or associate company or a subsidiary of such holding company or associate company of such nature as may be prescribed.