CA Debartment by NAFRA for 10 years for non-submission of audit file despite repeated reminders
Pursuant to information received from SEBI about non-compliance with accounting standards by company, NFRA initiated investigation into professional conduct of statutory auditors of a listed company under section 132(4) of the Companies Act, 2013. To investigate, the audit files and some other information were called for by NFRA. Despite repeated reminders, CA did not submit the requisite documents and information. Thus fined CA with twenty lakhs and a debarment of 10 years
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