Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
The NFRA held that the Auditors were grossly negligent and failed to exercise due diligence in the audit of a public interest entity, amounting to professional misconduct u/s 132(4) of the Companies Act, 2013. Monetary penalties were imposed - Rs. 2 crore on the Audit Firm, Rs. 10 lakhs on CA A.B. Jani who was also debarred for 5 years, and Rs. 5 lakhs on CA Rakesh Sharma who was debarred for 3 years from undertaking audits of companies.