https://www.taxtmi.com/acts?id=18336 Rule 10 sets disqualification criteria for auditors by reference to monetary thresholds and defined relationships: relatives of an auditor may hold company securities up to a prescribed threshold subject to corrective action within sixty days if exceeded; indebtedness of the auditor, or the auditor's relative or partner, to the company or its related entities beyond a prescribed limit disqualifies appointment; providing guarantees or securities for third party indebtedness beyond a prescribed limit also disqualifies. "Business relationship" is any commercial transaction, excluding permitted professional services and ordinary course arm's length transactions in certain industries. en-us Mon, 31 Mar 2014 19:32:06 +0530 Mon, 16 Mar 2026 14:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18336 Rule 10 sets disqualification criteria for auditors by reference to monetary thresholds and defined relationships: relatives of an auditor may hold company securities up to a prescribed threshold subject to corrective action within sixty days if exceeded; indebtedness of the auditor, or the auditor's relative or partner, to the company or its related entities beyond a prescribed limit disqualifies appointment; providing guarantees or securities for third party indebtedness beyond a prescribed limit also disqualifies. "Business relationship" is any commercial transaction, excluding permitted professional services and ordinary course arm's length transactions in certain industries. Act-Rules Companies Law Mon, 31 Mar 2014 19:32:06 +0530 https://www.taxtmi.com/acts?id=18336