Explanation: Section 141.Eligibility, qualifications and disqualifications of auditors: (3) None of the following persons shall be eligible for appointment as an auditor of a company, namely:— (a) a body corporate; (b) an officer or employee of the company; (c) a person who is a partner, or who is in the employment, of an officer or employee of the company; (d) a person who, or his relative or partner— (i) is holding any security of the company or its subsidiary , or of its holding or associate company or a subsidiary of such holding company , of value in terms of such percentage as may be prescribed; (ii) is indebted to the company, or its subsidiary, or its holding or associate company or a subsidiary of such holding company; or (iii) has given a guarantee or provided any security in connection with the indebtedness of any third person to the company, or its subsidiary, or its holding or associate company or a subsidiary of such holding company, for such amount as may be prescribed; (e) a person or a firm who has business relationship with the company, or its subsidiary, or its holding or associate company or subsidiary of such holding company or associate company of such nature as may be prescribed; (f) a person whose relative is in the employment of the company as a director or key managerial personnel; (g) a person who is in full time employment elsewhere or a person or a partner of a firm holding appointment as its auditor, if such persons or partner is at the date of such appointment or reappointment holding appointment as auditor of more than twenty companies other than one person companies, dormant companies, small companies and private companies having paid-up share capital less than one hundred crore rupees; (h) a person who has been convicted by a court of an offence involving fraud and a period of ten years has not elapsed from the date of such conviction; (i) a person who, directly or indirectly, renders any service referred to in section 144 to the company or its holding company or its subsidiary company.
.A man bought an article and sold it at a gain of 10%. If he had bought the article at 20% less and sold it for 1000 rupee more, he would have made a pr...
A purchased an article for Rs 1280. She sold the article at 10% profit. She then added Rs 200 to the amount received and purchased a purse such t...
A trader marked an article 70% above its cost price and sold it after allowing a discount of 40%. If the transaction resulted in a profit of Rs. 24, the...
A shopkeeper bought two articles for Rs. 500 each. If he sold one of them at 25% profit and the other at 15% loss, then find the difference between the ...
A microwave oven was sold for Rs. 15,750 at a profit of 25%. If the microwave oven was instead sold at a loss of 9%, what would have been its selling pr...
A dealer bought two washing machines at a certain amount. He sold the first washing machine at a 35% profit and the second washing machine at a 15% loss...
A shirt is marked 35% above the cost price and sold after a discount of Rs.120 at Rs.420. Find the cost price of the shirt.
The profit percentage earned by selling a center table for Rs 13440 is equal to the loss percentage earned by selling the same center table for Rs 10560...
The selling price of an item rose from Rs. 320 to Rs. 448. Calculate the percentage increase in its price.
A shopkeeper give 4 articles free on the purchase of every 12 articles. He also allows a discount of 20% to customer and still earns 20% profit. Find th...
