https://www.taxtmi.com/article/detailed?id=1122 A practising Chartered Accountant is not automatically disqualified from becoming a company director under clause (11) of the First Schedule to the Chartered Accountants Act; the proviso permits directorship provided the member or partner is not interested in "such company" as its auditor. The critical legal test is whether the auditor relationship pertains to the same corporate entity in which the individual seeks directorship, with separate corporate identity and strict construction of disqualification central to the analysis. Departmental circulars advising against dual roles in group companies are cautionary and disciplinary bodies should refrain from deciding issues that are pending in other judicial fora. en-us Tue, 08 Feb 2011 12:20:54 +0530 Sat, 14 Sep 2013 23:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1122 A practising Chartered Accountant is not automatically disqualified from becoming a company director under clause (11) of the First Schedule to the Chartered Accountants Act; the proviso permits directorship provided the member or partner is not interested in "such company" as its auditor. The critical legal test is whether the auditor relationship pertains to the same corporate entity in which the individual seeks directorship, with separate corporate identity and strict construction of disqualification central to the analysis. Departmental circulars advising against dual roles in group companies are cautionary and disciplinary bodies should refrain from deciding issues that are pending in other judicial fora. Articles Corporate Laws / IBC / SEBI Tue, 08 Feb 2011 12:20:54 +0530 https://www.taxtmi.com/article/detailed?id=1122