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Which of the following individuals cannot be qualified for appointment as an auditor of a company, as per Section 141?
  • a)
    A relative of a company director holding securities worth Rs. 1,50,000 in the company.
  • b)
    A person who has a business relationship with the company's subsidiary.
  • c)
    A person who is in full-time employment elsewhere.
  • d)
    A person who has been convicted of an offence involving fraud within the last 5 years.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following individuals cannot be qualified for appointment...
According to Section 141, an individual who has been convicted by a court of an offence involving fraud and a period of 10 years has not elapsed from the date of such conviction shall not be qualified for appointment as an auditor of a company. This provision ensures that auditors have a clean track record and maintain the integrity of their role.
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Which of the following individuals cannot be qualified for appointment as an auditor of a company, as per Section 141?a)A relative of a company director holding securities worth Rs. 1,50,000 in the company.b)A person who has a business relationship with the company's subsidiary.c)A person who is in full-time employment elsewhere.d)A person who has been convicted of an offence involving fraud within the last 5 years.Correct answer is option 'D'. Can you explain this answer?
Question Description
Which of the following individuals cannot be qualified for appointment as an auditor of a company, as per Section 141?a)A relative of a company director holding securities worth Rs. 1,50,000 in the company.b)A person who has a business relationship with the company's subsidiary.c)A person who is in full-time employment elsewhere.d)A person who has been convicted of an offence involving fraud within the last 5 years.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following individuals cannot be qualified for appointment as an auditor of a company, as per Section 141?a)A relative of a company director holding securities worth Rs. 1,50,000 in the company.b)A person who has a business relationship with the company's subsidiary.c)A person who is in full-time employment elsewhere.d)A person who has been convicted of an offence involving fraud within the last 5 years.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following individuals cannot be qualified for appointment as an auditor of a company, as per Section 141?a)A relative of a company director holding securities worth Rs. 1,50,000 in the company.b)A person who has a business relationship with the company's subsidiary.c)A person who is in full-time employment elsewhere.d)A person who has been convicted of an offence involving fraud within the last 5 years.Correct answer is option 'D'. Can you explain this answer?.
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