CA Barred for Five Years by NCLT for Failing Duties as Statutory Auditor

Union of India Vs CA. Ramaiah Nataraja (NCLT) In a significant legal battle before the National Company Law Tribunal (NCLT), the Union of India, represented by the Ministry of Corporate Affairs, pursued action against CA. Ramaiah Nataraja, a chartered accountant (CA) practicing under Nataraja & Co. Chartered Accountants. The case, initiated under Section 140 of the Companies Act, 2013, highlighted severe lapses in audit responsibilities and failure to report fraudulent activities during Nataraja’s tenure as the statutory auditor of M/s Super Royal Holiday India Private Limited. Appoi...