Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
Professional Misconduct by CA - The NFRA found that the auditors neglected their duty to perform an independent and thorough audit. They overlooked critical signals of potential financial irregularities communicated by the previously resigned auditor and failed to investigate or challenge the company's management on these points. The auditors issued an audit report that included an EoM paragraph suggesting no significant issues under section 143(12) of the Companies Act, which was misleading given the substantial evidence to the contrary. A monetary penalty of ₹3 crore was imposed on M/s Pathak H.D. & Associates. - Separate penalties imposed on EP and EQCR Partners.
Professional Misconduct by CA - The NFRA found that the auditors neglected their duty to perform an independent and thorough audit. They overlooked critical signals of potential financial irregularities communicated by the previously resigned auditor and failed to investigate or challenge the company's management on these points. The auditors issued an audit report that included an EoM paragraph suggesting no significant issues under section 143(12) of the Companies Act, which was misleading given the substantial evidence to the contrary. A monetary penalty of ₹3 crore was imposed on M/s Pathak H.D. & Associates. - Separate penalties imposed on EP and EQCR Partners.
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