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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.
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A invested Rs. 2X in a business. After four months B Joined him with Rs. 3X and A tripled his investment. If at the end of the years total profit...
The savings of Arun and Bhaskar are same. The difference between the expenditure of Bhaskar and the savings of both Arun and Bhaskar together is 0. The ...
