Multiple choice

If any relative of the auditor holding interest on security whose face value exceeds ________, then the auditor is disqualified from being appointed as auditor.

  1. Rs. 10

  2. Rs. 100

  3. Rs. 1,000

  4. Rs. 10,000

  5. Rs. 1,00,000

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

If any relative of the auditor holding interest on security whose face value exceeds Rs. 1,000, then the auditor is disqualified from being appointed as auditor as per section 141 of Companies Act, 2013.