Question
Accountancy Question on Basics of Accounting
Mr. Amit is a charted accountant in practice. His sister's husband holds equity shares in ABC limited. State whether Mr. Amit is qualified or disqualified to be an auditor of ABC limited as per which section of companies Act, 2013?
A
Not Disqualified as per sec -140 (3)
B
Disqualified as per sec-141(3)
C
Not Disqualified as per sec-141 (3)
D
Disqualified as per sec 140 (3)
Answer
Not Disqualified as per sec-141 (3)
Explanation
Solution
The correct option is (C):Not Disqualified as per sec-141 (3)