Section 141(3) lists persons NOT eligible to be auditor. Which is INCLUDED in the disqualification list?
ABody corporate other than LLP
BPerson whose relative is holding any security
CSpouse of a director
DAuditor who held office for previous 5 years
Answer & Solution
Correct answer: C. Spouse of a director
1. Section 141(3)(a) disqualifies body corporates (other than LLPs) from being auditor.
2. Other items have qualified conditions or are not disqualifications.
3. Spouse / relative security holdings have specific monetary thresholds.
_Source: ICAI BoS CA Final Paper 3, Ch 5 "Company Audit"_
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