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of <h1>Disqualifications for Auditors: Rule 10 of 2014 Rules Limits Securities, Debt, and Guarantees for Eligibility.</h1> The Companies (Audit and Auditors) Rules, 2014, under Rule 10, outline disqualifications for auditors. An auditor's relative may hold company securities up to one lakh rupees, with corrective action required within sixty days if exceeded. Auditors or their relatives with debts over five lakh rupees to the company or its affiliates are ineligible for appointment. Providing a guarantee or security exceeding one lakh rupees for third-party debts to the company or its affiliates also disqualifies an auditor. 'Business relationship' excludes professional services and ordinary commercial transactions at arm's length, like those in telecommunications or hospitality sectors.
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