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NFRA slaps Rs 8 lakh penalty on 2 auditors in DB case
The Business Guardian
|December 25, 2024
Thereafter, the regulator suo moto initiated an examination into the professional conduct of the statutory auditors of DB Realty Ltd (DBRL) under the Companies Act, 2013.
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The National Financial Reporting Authority (NFRA) has slapped penalties totaling Rs 8 lakh on two auditors and barred them for up to five years for professional misconduct in connection with the audit of DB Realty for FY16.
The order came after NFRA received information from Sebi in October 2022, regarding misstatements in the financial statement of DB Realty Ltd (now known as Valor Estate Ltd).
Thereafter, the regulator suo moto initiated an examination into the professional conduct of the statutory auditors of DB Realty Ltd (DBRL) under the Companies Act, 2013.
Esta historia es de la edición December 25, 2024 de The Business Guardian.
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