TaxTMI 
TaxTMI 
Amendment of section 288
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.... defined in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949) who holds a valid certificate of practice under subsection (1) of section 6 of that Act, but does not include [except for the purposes of representing the assessee under sub-section (1)]- (a) in case of an assessee, being a company, the person who is not eligible for appointment as an audito....
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.... (v) an officer or employee of the assessee; (vi) an individual who is a partner, or who is in the employment, of an officer or employee of the assessee; (vii) an individual who, or his relative or partner- (I) is holding any security of, or interest in, the assessee: Provided that the relative may hold security or interest in the assessee of the face value not exceeding one hundred thousand....
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....on (4), for the portion beginning with brackets, letter and words "(c) who has become an insolvent," and ending with the words, brackets and letter "in the case of a person referred to in sub-clause (c)", the following shall be substituted, namely:- "(c) who has become an insolvent; or (d) who has been convicted by a court for an offence involving fraud, shall be qualified to represent an assess....