Mr Pran is a Chief Executive officer of M s XYZ Ltd He is a relative of Mr Sham who is a Chartered A...........

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

Mr. Pran is a Chief Executive officer of M/s XYZ Ltd. He is a relative of Mr. Sham who is a Chartered Accountant, who desires to appoint as auditor in M/s XYZ Ltd. Whether Mr. Sham is eligible to appoint as auditor in M/s XYZ Ltd.?

Yes

Partly Yes

Partly No

छोटे Courses बड़े Results

Master Audit and auditors

Prepare through Micro-courses

Try Now

Explanation:

Section 141(3) (f) of the Companies Act, 2013, a person whose relative is a director or is in the employment of the company as director or Key Managerial Personnel shall not eligible for appointment as an auditor of a company.