Economics · Auditing
Mr. Ram is a practicing Chartered Accountant. His sister is the CEO of XYZ Limited. State whether Mr. Ram is qualified or disqualified to be appointed as an auditor of ABC Limited, which is a subsidiary company of XYZ Limited.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Not disqualified as per Section 140(3) of the Companies Act, 2013
- 2Disqualified as per Section 141(3) of the Companies Act, 2013✓
- 3Not disqualified as per Section 141(3) of the Companies Act, 2013
- 4Disqualified as per Section 140(3) of the Companies Act, 2013
Correct answer
Disqualified as per Section 141(3) of the Companies Act, 2013
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