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Q. > Please Help: AUDITOR APPOINTMENT
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426 views • Question added Apr 21, 2015 • Corporate Law • By SHIKHA GUPTA , CA , South Delhi


As per section 141(3), an auditor is disqualified to become auditor if his relative has interest in any company. Definition of relative as in section 2 (77) of companies act read with rule 4 of companies (Specifcation & definition details) rules, 2014 spouse of brother or sister are not included in definition of relative. So, if spouse of brother or sister are 50% shareholder of a company, can our firm be appointed as auditor of that company?

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Manshi Baid

22-Apr-2015 , 02:45:17 pm

Yes the Firm can very well be appointed as an Auditor of the Company under consideration

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