alleryStart learning →An auditor who guarantees a third party's debt beyond the limit is:
AEligible without limits
BIneligible for appointment
CEligible with Board consent
DEligible after one year
Answer & Solution
Correct answer: B. Ineligible for appointment
Section 141(3)(d)(iii) disqualifies a person or his relative or partner who has guaranteed or secured a third party's indebtedness to the company.
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