https://www.taxtmi.com/caselaws?id=752280 NFRA found audit firm and engagement partner guilty of professional misconduct for failing to submit required information, not attending hearings, and submitting false affidavits. The violations constituted gross negligence and non-compliance with statutory requests under the Chartered Accountants Act 1949. NFRA imposed monetary penalties of Rs. 50 lakhs on the firm and Rs. 30 lakhs on the partner, along with debarment periods of 2 years and 10 years respectively from audit appointments. en-us Fri, 26 Apr 2024 00:00:00 +0530 Mon, 06 May 2024 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752280 NFRA found audit firm and engagement partner guilty of professional misconduct for failing to submit required information, not attending hearings, and submitting false affidavits. The violations constituted gross negligence and non-compliance with statutory requests under the Chartered Accountants Act 1949. NFRA imposed monetary penalties of Rs. 50 lakhs on the firm and Rs. 30 lakhs on the partner, along with debarment periods of 2 years and 10 years respectively from audit appointments. Case-Laws Companies Law Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752280