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.
Which vitamin is crucial for preventing excessive bleeding in newborns?
What is the primary function of phloem in plants?
Which among the following is not a connective tissue?
What is the smallest unit of life?
Cell was discovered by
What are the small openings on the surface of plant leaves called?
What is the primary use of propolis, a resinous substance produced by honeybees?
What is the botanical name for an apple?
Identify the substance that fills the space between a cell's membrane and its nucleus.
Which disease causes excess swelling of the legs?