Question
A person or their relative or partner who is indebted to
the company for an amount exceeding what threshold is disqualified for the appointment of an auditor?Solution
According to the Companies Act, a person or their relative or partner who is indebted to the company for an amount exceeding Rs. 5,00,000 is disqualified for the appointment of an auditor. This means that if an individual, their relative, or their partner owes the company an amount exceeding Rs. 5,00,000, they cannot be appointed as the auditor of that company. This provision is in place to ensure independence and impartiality in the audit process, as individuals with significant debts to the company may have a conflict of interest or be influenced by their financial obligations.
Anjana and Sunanya are the only daughters of Mahesh. Sunanya’s grandmother is wife of Farhan who is father of Arpita. Arpita has a son Kaalu. How is K...
Statements:
1. The company’s profits have declined sharply this year.
2. The company faced stiff competition from new market entrants.
Statement-
The Pakistan Army violated ceasefire for the third consecutive day on Friday by targeting Indian posts and civilian areas with mortar ...
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent causes...
What is the code for ‘done’?
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent cause...
Who among the following lives immediately below I?
Statements:
1. Several flights were delayed or canceled at the airport.
2. A dense fog enveloped the city for most of the day.
In each of the following questions, two statements numbered I and II are given. There may be cause and effect relationship between the two statements. ...
Select the combination of numbers that when placed sequentially in the blanks of the given series will complete the series.
r s _ u _ w x _ s _ u...
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