Rectification of auditor-reported deficiencies obliges every merchant banker to take corrective steps within the prescribed reporting timeframe. Merchant bankers must take steps to rectify deficiencies identified in an auditor's report within two months from the report's date. The obligation ... Summary
Rectification of auditor-reported deficiencies obliges every merchant banker to take corrective steps within the prescribed reporting timeframe.
Merchant bankers must take steps to rectify deficiencies identified in an auditor's report within two months from the report's date. The obligation requires timely corrective action on audit-identified deficiencies under the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992.
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