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As per Companies Act, 2013, a person is disqualified from being an auditor for a company if he/she, or his/her relative or partner: § is holding any security of the Company or its subsidiary or its holding or associate company or a subsidiary of such holding company, (note – the act provides that the relative may hold security or interest in the company of face value not exceeding Rs.1 lakh or such sum as may be prescribed) § is indebted to the company or its subsidiary or its holding or associate company or a subsidiary of such holding company in excess of Rs.5 lakh § has given guarantee or provided any security in connection with the indebtedness to company, its holding, subsidiary and associate Company in excess of Rs.1 lakh
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If a sum of money is to be divided among A, B, C such that A’s share is equal to twice B’s share and B’s share is 8 times C’s share then their s...
Three partners, A, B, and C, invest Rs 12,000, Rs 15,000, and Rs 18,000 respectively in a business. After one year, the total profit generated is Rs 22,...
A and B invested Rs.3000 and Rs.6000 in a business respectively and after 5 months B withdrawn 50% of his initial investment and again after 5 months he...
