Definition of a relative for appointment as Statutory Auditor of a company

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....efinition of a relative for appointment as Statutory Auditor of a company<br> Query (Issue) Started By: - Deepak Bubna Dated:- 17-5-2022 Last Reply Date:- 7-4-2023 Corporate Laws / SEBI / LLP<br>Got 1 Reply<br>Companies Law<br>For the purpose of appointment as statutory auditor of a company, will Mother&#39;s brothers and sisters or Father&#39;s brothers and sisters will be considered as relative ....

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....restricting such Chartered Accountant to accept appointment in a company if such person from Mother or Father&#39;s side have controlling stake in the company, either as shareholders or directors or both ? Reply By Padmanathan Kollengode: The Reply: Section 2(77) of Companies Act, 2013 read with Rule 4 of Companies (Specification of definitions details) Rules, 2014 - A person shall be deemed to....

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.... be the relative of another, if he or she is related to another in the following manner, namely:- (1) Father: Provided that the term "Father" includes step-father. (2) Mother: Provided that the term "Mother" includes the step-mother. (3) Son: Provided that the term "Son" includes the step-son. (4) Son's wife. (5) Daughter. (6) Daughter's husband. (7) Brother: Provided that the term "Bro....

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....ther" includes the step-brother; (8) Sister: Provided that the term "Sister" includes the step-sister. Therefore mother&#39;s brother and sister or father&#39;s brother and sisters will not be considered as &quot;relative&quot; for appointment as statutory auditor purpose.<br> Discussion Forum - Knowledge Sharing ....