Rectification obligation: merchant bankers must address auditor report deficiencies within the prescribed period to ensure compliance. Every merchant banker must, within two months from the date of the auditor's report, take steps to rectify the deficiencies made out in the auditor's ... Summary
Rectification obligation: merchant bankers must address auditor report deficiencies within the prescribed period to ensure compliance.
Every merchant banker must, within two months from the date of the auditor's report, take steps to rectify the deficiencies made out in the auditor's report, imposing an affirmative duty and clear timeframe for corrective action.
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