Mrs Shweta Chartered Accountant is a partner in a Female Audit firm The Firm have business relation ...........

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

Mrs. Shweta (Chartered Accountant) is a partner in a Female Audit firm. The Firm have business relation with M/s Reliance Ltd. which is subsidiary company of M/s Infotech Ltd. Whether Mrs. Shweta 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 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.