Breaking News: Delhi HC Stays NFRA’s SCN Against Engagement Quality Control Reviewer

Charmi M Shah Vs National Financial Reporting Authority & Anr. (Delhi High Court)

In the case Charmi M Shah Vs National Financial Reporting Authority & Anr., the Delhi High Court is examining the jurisdiction of the National Financial Reporting Authority (NFRA) in issuing a show-cause notice to the petitioner. The petitioner, an Engagement Quality Control Reviewer (EQCR) for the statutory audit of M/s. MAN (India) Industries Limited for the financial year 2020-21, challenged the NFRA’s authority to take disciplinary action under Section 132(4)(c) of the Compa

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