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According to the Companies Act, a person or their relative or partner who is indebted to the company for an amount exceeding Rs. 5,00,000 is disqualified for the appointment of an auditor. This means that if an individual, their relative, or their partner owes the company an amount exceeding Rs. 5,00,000, they cannot be appointed as the auditor of that company. This provision is in place to ensure independence and impartiality in the audit process, as individuals with significant debts to the company may have a conflict of interest or be influenced by their financial obligations.
When a borrower opts for an insurance policy in connection with a loan, it is a case of _______
Which ethical principle involves treating others with fairness and impartiality?
National Housing Bank ceased to be the regulator of Housing Finance Companies since:
How much funding did SIDBI receive from the Green Climate Fund to create a $1 billion corpus?
Which of the following is not included in core inflation?
How does fairness contribute to ethical business practices?
Which of the following most likely increases the wealth of shareholders?
Which of the following most likely increases the wealth of shareholders?
