As per the Companies Act, 2013, which of the following

Q: Answer-As per the Companies Act, 2013, which of the following is not a disqualification for an auditor of a...

Under Section 1413 of the Companies Act, 2013, a relative may hold securities in the company of face value not exceeding 1 Lakh. Therefore, holding securities of only 1,000 face value is not a disqualification

is not a disqualification for an auditor of a company?

A A body corporate. Correct Answer Incorrect Answer

B An officer or employee of the company. Correct Answer Incorrect Answer

C A person who is a partner of an employee of the company. Correct Answer Incorrect Answer

D A person whose relative is a director of the company. Correct Answer Incorrect Answer

E A person holding securities of face value exceeding one thousand rupees of the company. Correct Answer Incorrect Answer

Solution

Under Section 141(3) of the Companies Act, 2013, a relative may hold securities in the company of face value not exceeding ₹1 Lakh. Therefore, holding securities of only ₹1,000 face value is not a disqualification

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