Tag Archives: Fraud

RBI Revised limit for reporting of Fraud by NBFCs to CFMC

By CA Satbir Singh | February 19, 2016

Source : Reserve Bank of India RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 andDNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on… Read More »

Reporting of frauds by auditor of Company

By CA Satbir Singh | December 21, 2015

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Reporting of frauds by Auditor What is the limit of Reporting of frauds by auditor of Company to the Central Government ? Reporting of frauds by auditor and other matters: (1) If an auditor of a company, in the course of the performance of his duties as statutory auditor, has reason to believe that an… Read More »

Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013

By CA Satbir Singh | October 30, 2015

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Auditing and Assurance Standards Board Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013 The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has today issued the Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013. For the benefit of… Read More »