Question
An auditor cannot audit a firm if his/her relative is
indebted to the company in excess of ______Solution
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
The Reserve Bank of India imposed a penalty of ₹1 crore on which bank for offering gifts in the form of paying first-year life insurance premiums?
Which of these days is celebrated on 4th June annually?
Who inaugurated the ASEAN-India Pravasi Bharatiya Divas in Singapore?
निम्नलिखित में से कौनसा अंग ग्लाइकोसिन को ग्लूकोज म...
Coastal Local Area Bank has been converted into Small Finance Bank
Which state has implemented a 33% reservation for women within its police force, amending its State Police Subordinate Service Rules?
The Government of India is setting up deregulation commissions for:
Actor Robbie Coltrane passed away at the age of 72, he played a role in which Hollywood movie?
In which year India became a part of the Mineral Security Partnership (MSP), which is led by the USA?
Which of the following statements is correct?
A. In case of Forward Rate Agreement there is an exchange of interest rate
B. FRA is an over...
