An ICAI Disciplinary Committee found CA. Sanjay Gupta not guilty of professional misconduct related to a Rs. 17 lakh fixed deposit discrepancy in audit reports for the Catholic Association of Bengal.
ICAI suspends CA for 3 months, imposes ₹1 lakh fine for failing to detect bogus donations and purchases during society audit for FY 2012-14.
ICAI finds CA guilty for certifying MGT-14 with copy-pasted signatures; disciplinary action taken following self-admission and committee hearing.
NFRA penalizes BSR & Associates LLP ₹10 crores for audit lapses in Coffee Day Enterprises audit. Partners face fines and debarment.
Easy Funds Finance Pvt Ltd and directors penalized for failing to file Annual Returns and Financial Statements. Total penalties amount to ₹2,49,100.
Zuari Agro Chemicals faces a ₹6 lakh penalty for violating Section 197 of Companies Act, 2013, by paying excess remuneration to its Managing Director without required approvals.
IBBI’s ruled that mere association with a promoter does not automatically disqualify a Resolution Applicant under Section 29A unless specific disqualifying criteria are met.
MCA levied penalties under Section 62(3) of the Companies Act, 2013, for a delay in passing a special resolution. The company and directors were fined for the violation.
Registrar of Companies penalizes Paramount Dye Tec Limited for not disclosing trading activity in its MOA, violating Section 4(1)(c) of the Companies Act, 2013.
The IBBI Disciplinary Committee disposes of SCN against Insolvency Professional Brijendra Kumar Mishra, advising re-examination after the Supreme Court’s decision.
