NCLT bars CA for issuing false Audit certificate relating to financials

Union of India Vs Mr. Mukesh Maneklal Choksi (National Company Law Tribunal, Mumbai Bench) Since Respondent No 1, Mr Mukesh Maneklal Choksi, Statutory Auditor , colluded with the Chairman/Director of R-2 company and has given a false Audit certificate relating to the Profit & Loss Account and Balance Sheet of the R-2 company, without even examining and verifying the books of accounts, and the Statutory Auditor has not given any plausible explanation for such irresponsible fraudulent activities. Therefore under 2nd Proviso to Section 140(5) of the Companies Act, 2013, R1, Mr Mukesh Maneklal...