https://www.taxtmi.com/caselaws?id=385824 The Tribunal quashed SEBI's order debarring the PW firms and auditors from auditing listed companies, emphasizing SEBI's limited jurisdiction to proven fraud cases involving intent and collusion. The Tribunal upheld the disgorgement order, recognizing auditors' professional negligence but distinguishing it from fraudulent conduct. The decision highlighted the importance of distinguishing between professional lapses and intentional fraud, and the appropriate jurisdiction of regulatory bodies. en-us Mon, 09 Sep 2019 00:00:00 +0530 Sat, 14 Sep 2019 10:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385824 The Tribunal quashed SEBI's order debarring the PW firms and auditors from auditing listed companies, emphasizing SEBI's limited jurisdiction to proven fraud cases involving intent and collusion. The Tribunal upheld the disgorgement order, recognizing auditors' professional negligence but distinguishing it from fraudulent conduct. The decision highlighted the importance of distinguishing between professional lapses and intentional fraud, and the appropriate jurisdiction of regulatory bodies. Case-Laws SEBI Mon, 09 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385824