alleryStart learning →A relative of the auditor may hold securities in the company of face value up to what?
ARs 100
BRs 500
CRs 10,000
DRs 1,000
Answer & Solution
Correct answer: D. Rs 1,000
The proviso to Section 141(3)(d)(i) permits relatives to hold securities with face value not exceeding one thousand rupees.
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