| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
K.PANDEYA & CO.
(M.No.:000135C)
|
|
|
DID NOT ADHERE TO PROCEDURES RELATING TO ACCEPTANCE OF AUDIT
DID NOT ASSESS RISK OF MATERIAL MISSTATEMENT IN BALANCES OF TRADE RECEIVABLES
DID NOT REPORT EFFECT OF INCOME TAX ORDER IN FINANCIAL STATEMENTS OF COMPANY
DID NOT REPORT NON-RECOGNITION OF INTEREST COST ON BORROWINGS CLASSIFIED AS NON PERFORMING ASSETS (NPAS)
DID NOT UNDERSTAND NATURE OF BUSINESS OF THE ENTITY BY GAINING UNDERSTANDING OF NATURE OF THE ENTITY, ITS OPERATIONS, OWNERSHIP, GOVERNANCE AND CAPITAL STRUCTURE AND APPLICABLE FINANCIAL REPORTING FRAMEWORK ETC.
DID NOT APPOINT ENGAGEMENT OF QUALITY CONTROL REVIEWER (EQCR)
DID NOT ENSURE REQUIRE AGREEMENT WITH MANAGEMENT TO UNDERTAKE AUDIT
DID NOT EVALUATE APPROPRIATENESS OF GOING CONCERN ASSUMPTION IN PREPARATION OF FINANCIAL STATEMENTS
DID NOT EVALUATE IMPAIRMENT OF PROPERTY, PLANT AND EQUIPMENT
|
IMPOSED PENALTY RS.25,00,000
21-AUG-2023
|
|
| 62 |
|
|
K.PANDEYA & CO.
(M.No.:000135C)
|
|
|
|
MANJEET KUMAR VERMA
(M.No.:075926)
|
|
DID NOT ADHERE TO PROCEDURES RELATING TO ACCEPTANCE OF AUDIT
DID NOT APPOINT ENGAGEMENT OF QUALITY CONTROL REVIEWER (EQCR)
DID NOT ASSESS RISK OF MATERIAL MISSTATEMENT IN BALANCES OF TRADE RECEIVABLES
DID NOT ENSURE REQUIRE AGREEMENT WITH MANAGEMENT TO UNDERTAKE AUDIT
DID NOT EVALUATE APPROPRIATENESS OF GOING CONCERN ASSUMPTION IN PREPARATION OF FINANCIAL STATEMENTS
DID NOT EVALUATE IMPAIRMENT OF PROPERTY, PLANT AND EQUIPMENT
DID NOT REPORT EFFECT OF INCOME TAX ORDER IN FINANCIAL STATEMENTS OF COMPANY
DID NOT REPORT NON-RECOGNITION OF INTEREST COST ON BORROWINGS CLASSIFIED AS NON PERFORMING ASSETS (NPAS)
DID NOT UNDERSTAND NATURE OF BUSINESS OF THE ENTITY BY GAINING UNDERSTANDING OF NATURE OF THE ENTITY, ITS OPERATIONS, OWNERSHIP, GOVERNANCE AND CAPITAL STRUCTURE AND APPLICABLE FINANCIAL REPORTING FRAMEWORK ETC.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 21-SEP-2023 TO 20-SEP-2028
IMPOSED PENALTY RS.5,00,000
21-AUG-2023
|
|
| 63 |
|
|
K.VARGHESE & CO.
(M.No.:004525S)
|
|
|
|
MATHEW SAMUEL
(M.No.:022301)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 13-MAY-2023 TO 12-MAY-2024
IMPOSED PENALTY RS.1,00,000
13-APR-2023
|
|
| 64 |
|
|
K.VARGHESE & CO.
(M.No.:004525S)
|
|
|
|
SAM VARGHESE
(M.No.:216979)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 12-MAY-2023 TO 11-MAY-2024
IMPOSED PENALTY RS.1,00,000
12-APR-2023
|
|
| 65 |
|
|
K.VARGHESE & CO.
(M.No.:004525S)
|
|
|
|
HARISH KUMAR T.K.
(M.No.:212219)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 13-MAY-2023 TO 12-MAY-2024
IMPOSED PENALTY RS.1,00,000
13-APR-2023
|
|
| 66 |
|
|
K.VARGHESE & CO.
(M.No.:004525S)
|
|
|
|
M.BASKARAN
(M.No.:216637)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 13-MAY-2023 TO 12-MAY-2024
IMPOSED PENALTY RS.1,00,000
13-APR-2023
|
|
| 67 |
|
|
K.VARGHESE & CO.
(M.No.:004525S)
|
|
|
|
AYNA TAMTON
(M.No.:220163)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 01-MAY-2023 TO 30-APR-2024
IMPOSED PENALTY RS.1,00,000
31-MAR-2023
|
|
| 68 |
|
|
KARNATH & KARNATH ASSOCIATES
(M.No.:001685S)
|
|
|
|
M.VAMAN KARNATH
(M.No.:023992)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 29-OCT-2023 TO 28-OCT-2024
IMPOSED PENALTY RS.1,00,000
29-SEP-2023
|
|
| 69 |
|
|
KASHINATH CHATURVEDI
(M.No.:030932)
|
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
AUDIT FILE DID NOT CONTAIN AGREEMENT ON TERMS OF AUDIT ENGAGEMENTS WITH MANAGEMENT OR THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
IMPOSED PENALTY RS.1,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 21-JUL-2024 TO 20-JUL-2025
21-JUN-2024
|
|
| 70 |
|
|
KHANDELWAL KAKANI & CO.
(M.No.:001311C)
|
|
|
|
SANTOSH DESHMUKH
(M.No.:071011)
|
|
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT EXERCISE DUE CARE AND PROFESSIONAL SKEPTICISM AND DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE TO SUPPORT ISSUER’S NET ACCOUNTS RECEIVABLES AND DOUBTFUL ACCOUNTS
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT OBTAIN REASONABLE ASSURANCE ABOUT WHETHER FINANCIAL STATEMENTS AS A WHOLE WERE FREE FROM MATERIAL MISSTATEMENT
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE FOR VERIFICATION OF REVENUE
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING EXISTENCE AND CONDITION OF INVENTORY
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE WITH RESPECT TO ISSUER’S INVESTMENTS
DID NOT PREPARE AUDIT DOCUMENTS AS PER STANDARDS ON AUDITING 230
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING SECTION 143(9) OF COMPANIES ACT, 2013
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 09-OCT-2024 TO 08-OCT-2025
IMPOSED PENALTY RS.5,00,000
09-SEP-2024
|
|
| 71 |
|
|
KRISHNA KUMAR NEERAJ
(M.No.:506669)
|
|
|
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO AUDIT DOCUMENTATION
DID NOT AUDIT TRADE RECEIVABLES IN ACCORDANCE WITH REQUIREMENT OF STANDARDS ON AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY VIOLATING PARA 10 OF STANDARDS ON AUDITING 320
DID NOT EVALUATE MANAGEMENT’S ASSESSMENT OF ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT FORM OPINION ON FINANCIAL STATEMENT WITHOUT OBTAINING SUFFICIENT APPROPRIATE AUDIT EVIDENCE
DID NOT IDENTIFY AND ASSESS RISK OF MATERIAL MISSTATEMENT DUE TO FRAUD RELATED TO REVENUE RECOGNITION
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING EXISTENCE AND CONDITION OF INVENTORY
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT RELATED TO NON-RECOGNITION OF LIABILITIES CLASSIFIED AS NON-PERFORMING ASSETS (NPAS) BY LENDER BANKS
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING SECTION 143(9) OF COMPANIES ACT, 2013
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 26-MAY-2024 TO 25-MAY-2026
IMPOSED PENALTY RS.10,00,000
26-APR-2024
|
|
| 72 |
|
|
KRISHNA NEERAJ & ASSOCIATES
(M.No.:023233N)
|
|
|
DID NOT RELATED TO NON-RECOGNITION OF LIABILITIES CLASSIFIED AS NON-PERFORMING ASSETS (NPAS) BY LENDER BANKS
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING SECTION 143(9) OF COMPANIES ACT, 2013
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY VIOLATING PARA 10 OF STANDARDS ON AUDITING 320
DID NOT EVALUATE MANAGEMENT’S ASSESSMENT OF ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT FORM OPINION ON FINANCIAL STATEMENT WITHOUT OBTAINING SUFFICIENT APPROPRIATE AUDIT EVIDENCE
DID NOT IDENTIFY AND ASSESS RISK OF MATERIAL MISSTATEMENT DUE TO FRAUD RELATED TO REVENUE RECOGNITION
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING EXISTENCE AND CONDITION OF INVENTORY
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO AUDIT DOCUMENTATION
DID NOT AUDIT TRADE RECEIVABLES IN ACCORDANCE WITH REQUIREMENT OF STANDARDS ON AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
|
IMPOSED PENALTY RS.50,00,000
26-APR-2024
|
|
| 73 |
|
|
KRISHNA NEERAJ & ASSOCIATES
(M.No.:023233N)
|
|
|
|
KRISHNA KUMAR NEERAJ
(M.No.:506669)
|
|
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO AUDIT DOCUMENTATION
DID NOT AUDIT TRADE RECEIVABLES IN ACCORDANCE WITH REQUIREMENT OF STANDARDS ON AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY VIOLATING PARA 10 OF STANDARDS ON AUDITING 320
DID NOT EVALUATE MANAGEMENT’S ASSESSMENT OF ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT FORM OPINION ON FINANCIAL STATEMENT WITHOUT OBTAINING SUFFICIENT APPROPRIATE AUDIT EVIDENCE
DID NOT IDENTIFY AND ASSESS RISK OF MATERIAL MISSTATEMENT DUE TO FRAUD RELATED TO REVENUE RECOGNITION
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING EXISTENCE AND CONDITION OF INVENTORY
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT RELATED TO NON-RECOGNITION OF LIABILITIES CLASSIFIED AS NON-PERFORMING ASSETS (NPAS) BY LENDER BANKS
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING SECTION 143(9) OF COMPANIES ACT, 2013
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 26-MAY-2024 TO 25-MAY-2026
IMPOSED PENALTY RS.10,00,000
26-APR-2024
|
|
| 74 |
|
|
KUMAR JAIN & ASSOCIATES
(M.No.:016717S)
|
|
|
|
PAWAN JAIN
(M.No.:228026)
|
|
DID NOT EXCLUDE EMPLOYEES WHOSE CONTRIBUTION WAS PAID BY THE GOVERNMENT
DID NOT VERIFY PAYMENT OF ADDITIONAL EMPLOYEE COST BY ACCOUNT PAYEE CHEQUE/DRAFT/ELECTRONIC MEANS
DID NOT VERIFY REORGANIZATION OF BUSINESS WITH VARIOUS PARTIES
DID NOT VERIFY SALARY OF RS.25,000.00 PER MONTH FOR NEW EMPLOYEES
LAPSES IN REPORTING ADDITIONAL EMPLOYEES
|
IMPOSED PENALTY RS.50,00,000
03-JAN-2024
|
|
| 75 |
|
|
LAHOTI NAVNEET & CO.
(M.No.:116870W)
|
|
|
|
SANJAY SONI
(M.No.:114835)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 29-OCT-2023 TO 28-APR-2024
IMPOSED PENALTY RS.1,00,000
29-SEP-2023
|
|
| 76 |
|
|
LAVITHA & ASSOCIATES
(M.No.:011882S)
|
|
|
|
LAVITHA SHETTY
(M.No.:220473)
|
|
DID NOT ADHERE TO PARA 2 OF STANDARDS ON AUDITING 220 AND PARA 3 OF STANDARDS ON QUALITY CONTROL WHICH STIPULATES THAT QUALITY CONTROL SYSTEMS, POLICIES AND PROCEDURES ARE RESPONSIBILITY OF THE AUDIT FIRM IN MATTER OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT CONSIDER MATERIAL MIS-STATEMENTS WHILE MAKING AUDIT CONCLUSIONS AND FORMING AUDIT OPINION OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT EVALUATE APPROPRIATENESS OF CONTINGENT LIABILITIES AND CREATION OF CHARGES ON THE ASSETS OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT PERFORM RISK ASSESSMENT PROCEDURE AND ANALYTICAL PROCEDURE AND DID NOT EXERCISE PROFESSIONAL SKEPTICISM IN RESPECT OF INAPPROPRIATE RECOGNITION OF AS CORRESPONDING BORROWINGS WERE NOT USED FOR BUSINESS ACTIVITY OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT PERFORM RISK ASSESSMENT PROCEDURE TO IDENTIFY AND ASSESS RISK OF MATERIAL MIS-STATEMENT DUE TO FRAUD AND DID NOT EXERCISE PROFESSIONAL SKEPTICISM WHILE PERFORMING AUDIT OF RELATED PARTY BALANCES WHICH WERE FRAUDULENTLY UNDERSTATED BY ANOTHER ACCOUNTING FRAUD INVOLVING ISSUANCE OF CHEQUES SHOWING REPAYMENT OF RELATED PARTY LOANS IN F.Y.2018-19 IN MATTER OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT REPORT MATERIAL MIS-STATEMENT IN CASH FLOW STATEMENT OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT UNDERSTAND NATURE OF BUSINESS OF MYSORE AMALGAMATED COFFEE ESTATE LTD. IN AUDIT RELATING TO FRAUDULENT DIVERSION OF FUNDS
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 13-MAY-2023 TO 12-MAY-2028
IMPOSED PENALTY RS.5,00,000
13-APR-2023
|
|
| 77 |
|
|
LAVITHA & ASSOCIATES
(M.No.:011882S)
|
|
|
|
LAVITHA SHETTY
(M.No.:220473)
|
|
DID NOT ADHERE TO PARA 2 OF STANDARDS ON AUDITING 220 AND PARA 3 OF STANDARDS ON QUALITY CONTROL WHICH STIPULATES THAT QUALITY CONTROL SYSTEMS, POLICIES AND PROCEDURES ARE RESPONSIBILITY OF THE AUDIT FIRM IN MATTER OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT CONSIDER MATERIAL MIS-STATEMENTS WHILE MAKING AUDIT CONCLUSIONS AND FORMING AUDIT OPINION OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT DETECT EVERGREENING OF LOANS THROUGH STRUCTURING CIRCULAR TRANSACTIONS OF FUNDS
DID NOT EVALUATE APPROPRIATENESS OF CONTINGENT LIABILITIES AND CREATION OF CHARGES ON THE ASSETS OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT PERFORM RISK ASSESSMENT PROCEDURE AND ANALYTICAL PROCEDURE AND DID NOT EXERCISE PROFESSIONAL SKEPTICISM IN RESPECT OF INAPPROPRIATE RECOGNITION OF AS CORRESPONDING BORROWINGS WERE NOT USED FOR BUSINESS ACTIVITY OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT REPORT MATERIAL MIS-STATEMENT IN CASH FLOW STATEMENT OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT UNDERSTAND NATURE OF BUSINESS OF MYSORE AMALGAMATED COFFEE ESTATE LTD. IN AUDIT RELATING TO FRAUDULENT DIVERSION OF FUNDS
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DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 25-MAY-2023 TO 24-MAY-2033
IMPOSED PENALTY RS.10,00,000
25-APR-2023
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| 78 |
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LAVITHA & ASSOCIATES
(M.No.:011882S)
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LAVITHA SHETTY
(M.No.:220473)
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DID NOT PROVIDE COMPLETE INFORMATION ABOUT REVENUE EARNED FROM RELATED PARTIES OF MYSORE AMALGAMATED COFFEE ESTATE LTD. VIOLATING PARA 7 OF PART I OF SECOND SCHEDULE OF THE CHARTERED ACCOUNTANTS ACT 1949
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IMPOSED PENALTY RS.1,00,000
06-SEP-2024
|
|
| 79 |
|
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LAVITHA SHETTY
(M.No.:220473)
|
|
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DID NOT ADHERE TO PARA 2 OF STANDARDS ON AUDITING 220 AND PARA 3 OF STANDARDS ON QUALITY CONTROL WHICH STIPULATES THAT QUALITY CONTROL SYSTEMS, POLICIES AND PROCEDURES ARE RESPONSIBILITY OF THE AUDIT FIRM IN MATTER OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT CONSIDER MATERIAL MIS-STATEMENTS WHILE MAKING AUDIT CONCLUSIONS AND FORMING AUDIT OPINION OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT EVALUATE APPROPRIATENESS OF CONTINGENT LIABILITIES AND CREATION OF CHARGES ON THE ASSETS OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT PERFORM RISK ASSESSMENT PROCEDURE AND ANALYTICAL PROCEDURE AND DID NOT EXERCISE PROFESSIONAL SKEPTICISM IN RESPECT OF INAPPROPRIATE RECOGNITION OF AS CORRESPONDING BORROWINGS WERE NOT USED FOR BUSINESS ACTIVITY OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT PERFORM RISK ASSESSMENT PROCEDURE TO IDENTIFY AND ASSESS RISK OF MATERIAL MIS-STATEMENT DUE TO FRAUD AND DID NOT EXERCISE PROFESSIONAL SKEPTICISM WHILE PERFORMING AUDIT OF RELATED PARTY BALANCES WHICH WERE FRAUDULENTLY UNDERSTATED BY ANOTHER ACCOUNTING FRAUD INVOLVING ISSUANCE OF CHEQUES SHOWING REPAYMENT OF RELATED PARTY LOANS IN F.Y.2018-19 IN MATTER OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT REPORT MATERIAL MIS-STATEMENT IN CASH FLOW STATEMENT OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT UNDERSTAND NATURE OF BUSINESS OF MYSORE AMALGAMATED COFFEE ESTATE LTD. IN AUDIT RELATING TO FRAUDULENT DIVERSION OF FUNDS
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 13-MAY-2023 TO 12-MAY-2028
IMPOSED PENALTY RS.5,00,000
13-APR-2023
|
|
| 80 |
|
|
LAVITHA SHETTY
(M.No.:220473)
|
|
|
DID NOT ADHERE TO PARA 2 OF STANDARDS ON AUDITING 220 AND PARA 3 OF STANDARDS ON QUALITY CONTROL WHICH STIPULATES THAT QUALITY CONTROL SYSTEMS, POLICIES AND PROCEDURES ARE RESPONSIBILITY OF THE AUDIT FIRM IN MATTER OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT CONSIDER MATERIAL MIS-STATEMENTS WHILE MAKING AUDIT CONCLUSIONS AND FORMING AUDIT OPINION OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT DETECT EVERGREENING OF LOANS THROUGH STRUCTURING CIRCULAR TRANSACTIONS OF FUNDS
DID NOT EVALUATE APPROPRIATENESS OF CONTINGENT LIABILITIES AND CREATION OF CHARGES ON THE ASSETS OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT PERFORM RISK ASSESSMENT PROCEDURE AND ANALYTICAL PROCEDURE AND DID NOT EXERCISE PROFESSIONAL SKEPTICISM IN RESPECT OF INAPPROPRIATE RECOGNITION OF AS CORRESPONDING BORROWINGS WERE NOT USED FOR BUSINESS ACTIVITY OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT REPORT MATERIAL MIS-STATEMENT IN CASH FLOW STATEMENT OF MYSORE AMALGAMATED COFFEE ESTATE LTD.
DID NOT UNDERSTAND NATURE OF BUSINESS OF MYSORE AMALGAMATED COFFEE ESTATE LTD. IN AUDIT RELATING TO FRAUDULENT DIVERSION OF FUNDS
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 25-MAY-2023 TO 24-MAY-2033
IMPOSED PENALTY RS.10,00,000
25-APR-2023
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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| Page 4 of 9
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