Whether chartered accountant, where service is rendered by him professionally and not as an officer on company, is disqualified under clause (b) of sub‑section (3)
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Professional independence of auditors: chartered accountants rendering services professionally are not disqualified from appointment as auditors. A practising chartered accountant engaged by a company for professional income tax consultancy is not an officer or employee when the engagement is not whole time and lacks employer control over the manner of execution; such professional engagements constitute a contract for service and do not disqualify the chartered accountant from appointment as auditor under the statutory provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Professional independence of auditors: chartered accountants rendering services professionally are not disqualified from appointment as auditors.
A practising chartered accountant engaged by a company for professional income tax consultancy is not an officer or employee when the engagement is not whole time and lacks employer control over the manner of execution; such professional engagements constitute a contract for service and do not disqualify the chartered accountant from appointment as auditor under the statutory provision.
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