| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 141 |
|
SUNDARESHA & ASSOCIATES
(M.No.:008012S)
|
|
|
|
C.RAMESH
(M.No.:022268)
|
|
|
CHAITANYA G.DESHPANDE
|
|
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO AUDIT ENGAGEMENT VIOLATING STANDARDS ON QUALITY CONTROL (SQC)
DID NOT ASSEMBLE AUDIT FILE WITHIN SIXTY DAYS OF SIGNING OF AUDIT REPORT VIOLATING STANDARDS ON AUDITING 230
DID NOT COMMUNICATE DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE (TCWG) AND MANAGEMENT VIOLATING STANDARDS OF AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT CONSIDER MATERIAL MISSTATEMENTS OF RS.1776.16 CRORE WHILE MAKING AUDIT CONCLUSIONS AND FORMING AUDIT OPINION VIOLATING STANDARDS ON AUDITING 700
DID NOT DEVELOP AND DOCUMENT THE AUDIT PLAN AND AUDIT STRATEGY THAT SET THE SCOPE, TIMING AND DIRECTION OF AUDIT VIOLATING STANDARDS ON AUDITING 300
DID NOT REPORT MATERIAL MIS-STATEMENT OF RS.325 CRORE IN CASH FLOW STATEMENT OF GIRI VIDHYUT (INDIA) LTD.
DID NOT ENSURE FINANCIAL STATEMENTS OF GIRI VIDHYUT (INDIA) LTD. APPROVED BY BOARD OF DIRECTORS AND SIGNED BY THE DIRECTORS AUTHORIZED
DID NOT ENSURE MATERIAL INCONSISTENCY BETWEEN OTHER INFORMATION IN ANNUAL REPORT AND FINANCIAL STATEMENTS VIOLATING STANDARDS ON AUDITING 720
DID NOT EVALUATE MANAGEMENT’S ASSESSMENT OF THE ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN IN MATTER OF GIRI VIDHYUT (INDIA) LTD.
DID NOT EXERCISE PROFESSIONAL SKEPTICISM AND JUDGEMENT WHILE PERFORMING AUDIT OF GIRI VIDHYUT (INDIA) LTD.
DID NOT PERFORM APPROPRIATE AUDIT PROCEDURES TO EVALUATE AND MAINTAIN INDEPENDENCE IN MATTER OF GIRI VIDHYUT (INDIA) LTD.
DID NOT PERFORM AUDIT WITH PROFESSIONAL SKEPTICISM AND DID NOT PERFORM RISK ASSESSMENT PROCEDURES TO IDENTIFY, ASSESS AND RESPOND TO RISK OF MATERIAL MISSTATEMENT IN FINANCIAL STATEMENTS DUE TO FRAUDULENT DIVERSION OF RS.520 CRORE, UNDERSTATEMENT OF RELATED PARTY LOAN BY RS.350 CRORE AND EVERGREENING OF LOANS IN MATTER OF GIRI VIDHYUT (INDIA) 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 30-JUN-2023 TO 29-JUN-2028
IMPOSED PENALTY RS.10,00,000
30-MAY-2023
|
|
| 142 |
|
|
SUNDARESHA & ASSOCIATES
(M.No.:008012S)
|
|
|
CONTINUED AUDIT ENGAGEMENT DISREGARDING INDEPENDENCE REQUIREMENTS
DID NOT APPROVE FINANCIAL STATEMENTS FROM BOARD OF DIRECTORS BEFORE SIGNED BY BOARD AND AUDITORS
DID NOT COMMUNICATE DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE (TCWG) AND MANAGEMENT VIOLATING STANDARDS OF AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DETECT EVERGREENING OF LOANS THROUGH STRUCTURED CIRCULAR TRANSACTIONS OF FUNDS
DID NOT FORM OPINION AND REPORTING ON FINANCIAL STATEMENTS
DID NOT IDENTIFY AND ASSESS RISK OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING NATURE OF ENTITY
DID NOT OBTAIN AND EXAMINE VALUATION REPORT OF “GLOBAL VILLAGE UNDERTAKING”
TAMPERED AUDIT FILE TO MISLEAD NFRA AND MAKING AUDIT FILE UNRELIABLE
|
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-2023 TO 25-MAY-2027
IMPOSED PENALTY RS.1,00,00,000
18-AUG-2023
|
|
| 143 |
|
|
SUNDARESHA & ASSOCIATES
(M.No.:008012S)
|
|
|
|
C.RAMESH
(M.No.:022268)
|
|
CONTINUED AUDIT ENGAGEMENT DISREGARDING INDEPENDENCE REQUIREMENTS
DID NOT APPROVE FINANCIAL STATEMENTS FROM BOARD OF DIRECTORS BEFORE SIGNED BY BOARD AND AUDITORS
DID NOT COMMUNICATE DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE (TCWG) AND MANAGEMENT VIOLATING STANDARDS OF AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DETECT EVERGREENING OF LOANS THROUGH STRUCTURED CIRCULAR TRANSACTIONS OF FUNDS
DID NOT FORM OPINION AND REPORTING ON FINANCIAL STATEMENTS
DID NOT IDENTIFY AND ASSESS RISK OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING NATURE OF ENTITY
DID NOT OBTAIN AND EXAMINE VALUATION REPORT OF “GLOBAL VILLAGE UNDERTAKING”
TAMPERED AUDIT FILE TO MISLEAD NFRA AND MAKING AUDIT FILE UNRELIABLE
|
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-2023 TO 25-MAY-2028
IMPOSED PENALTY RS.5,00,000
18-AUG-2023
|
|
| 144 |
|
|
SUNDARESHA & ASSOCIATES
(M.No.:008012S)
|
|
|
|
CHAITANYA G.DESHPANDE
(M.No.:230802)
|
|
CONTINUED AUDIT ENGAGEMENT DISREGARDING INDEPENDENCE REQUIREMENTS
DID NOT APPROVE FINANCIAL STATEMENTS FROM BOARD OF DIRECTORS BEFORE SIGNED BY BOARD AND AUDITORS
DID NOT COMMUNICATE DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE (TCWG) AND MANAGEMENT VIOLATING STANDARDS OF AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DETECT EVERGREENING OF LOANS THROUGH STRUCTURED CIRCULAR TRANSACTIONS OF FUNDS
DID NOT FORM OPINION AND REPORTING ON FINANCIAL STATEMENTS
DID NOT IDENTIFY AND ASSESS RISK OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING NATURE OF ENTITY
DID NOT OBTAIN AND EXAMINE VALUATION REPORT OF “GLOBAL VILLAGE UNDERTAKING”
TAMPERED AUDIT FILE TO MISLEAD NFRA AND MAKING AUDIT FILE UNRELIABLE
|
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 30-JUN-2023 TO 29-AUG-2028
IMPOSED PENALTY RS.5,00,000
18-AUG-2023
|
|
| 145 |
|
|
SUNIL R.JUMANI
(M.No.:049586)
|
|
|
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.
|
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 29-OCT-2023 TO 28-OCT-2024
29-SEP-2023
|
|
| 146 |
|
|
SVP & ASSOCIATES
(M.No.:003838N)
|
|
|
|
PANKAJ KUMAR
(M.No.:091822)
|
|
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO AUDIT DOCUMENTATION
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO FRAUD/SUSPECTED FRAUD AS REQUIRED BY PARAS 16 AND 24 OF STANDARDS ON AUDITING 240
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO JOINT AUDIT AS REQUIRED BY PARAS 2 AND 3 OF STANDARDS ON AUDITING 299
DID NOT DETERMINE MATERIALITY FOR FINANCIAL STATEMENTS AS A WHOLE WHILE ESTABLISHING AUDIT STRATEGY VIOLATING STANDARDS ON AUDITING 320
DID NOT DEVELOP AND DOCUMENT THE AUDIT PLAN AND AUDIT STRATEGY THAT SET THE SCOPE, TIMING AND DIRECTION OF AUDIT VIOLATING STANDARDS ON AUDITING 300
DID NOT EVALUATE PROPERTY, PLANT AND EQUIPMENT AS REQUIRED BY PARAS 6, 15 AND 16 OF STANDARDS ON AUDITING 200 AND 500
DID NOT GIVE APPROPRIATE AUDIT OPINION
SUBMITTED FALSE AND MISLEADING STATEMENTS RELATED TO ENGAGEMENT OF QUALITY CONTROL REVIEW (EQCR) PARTNER
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING SECTION 143(9) OF COMPANIES ACT, 2013
|
IMPOSED PENALTY RS.3,00,000
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-MAY-2023 TO 20-MAY-2026
21-APR-2023
|
|
| 147 |
|
|
SVP & ASSOCIATES
|
|
|
|
APOORVE BANSAL
(M.No.:003838N)
|
|
ACCEPTED APPOINTMENT AS ENGAGEMENT OF QUALITY CONTROL REVIEW (EQCR) WITHOUT ENSURING ELIGIBILITY CRITERIA
DID NOT ADHERE TO FUNDAMENTAL PRINCIPLES OF PROFESSIONAL BEHAVIOUR, PROFESSIONAL COMPETENCE AND DUE CARE ON ACCOUNT OF DEFICIENCIES IN PERFORMANCE OF STATUTORY DUTIES AS ENGAGEMENT OF QUALITY CONTROL REVIEW (EQCR)
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
|
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-OCT-2023 TO 24-OCT-2024
IMPOSED PENALTY RS.1,00,000
26-SEP-2023
|
|
| 148 |
|
|
SVP & ASSOCIATES
(M.No.:003838N)
|
|
|
|
PANKAJ KUMAR
(M.No.:091822)
|
|
DID NOT ADHERE TO RESPONSIBILITIES RELATING TO AUDIT DOCUMENTATION
DID NOT APPOINT ENGAGEMENT OF QUALITY CONTROL REVIEWER (EQCR)
DID NOT COMMUNICATE DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE (TCWG) AND MANAGEMENT VIOLATING STANDARDS OF AUDITING
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DETERMINE MATERIALITY FOR FINANCIAL STATEMENTS AS A WHOLE WHILE ESTABLISHING AUDIT STRATEGY VIOLATING STANDARDS ON AUDITING 320
DID NOT EVALUATE RISK OF FRAUD IN REVENUE RECOGNITION
DID NOT GIVE APPROPRIATE AUDIT OPINION
DID NOT IDENTIFY AND ASSESS RISK OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING NATURE OF ENTITY
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING EXISTENCE AND CONDITION OF INVENTORY
DID NOT PLAN AUDIT OF FINANCIAL STATEMENTS AS PER STANDARDS ON AUDITING 300
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING SECTION 143(9) OF COMPANIES ACT, 2013
|
IMPOSED PENALTY RS.3,00,000
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-MAY-2023 TO 20-MAY-2026
08-JAN-2024
|
|
| 149 |
|
|
T.RAGHAVENDRA
(M.No.:023806)
|
|
|
DID NOT MAINTAIN AUDIT FILE AND DID NOT CO-OPERATE WITH NFRA
DID NOT REPORT DEFERRED TAX ASSETS AS THERE WAS NO COMMENT IN THE AUDITOR’S REPORT
DID NOT REPORT OR ADDRESS ERRORS IN CASH FLOW STATEMENT
ERRONEOUS APPLICATION OF FINANCIAL REPORTING FRAMEWORK BY THE COMPANY
MISUSED EMPHASIS OF MATTERS FOR ISSUING A MODIFIED AUDIT OPINION
SIGNIFICANT ACCOUNTING POLICIES NOT AS PER APPLICABLE ACCOUNTING STANDARDS
|
IMPOSED PENALTY RS.5,00,000
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 03-SEP-2023 TO 02-SEP-2033
03-AUG-2023
|
|
| 150 |
|
|
T.RAGHAVENDRA & ASSOCIATES
(M.No.:03329S)
|
|
|
|
T.RAGHAVENDRA
(M.No.:023806)
|
|
DID NOT MAINTAIN AUDIT FILE AND DID NOT CO-OPERATE WITH NFRA
DID NOT REPORT DEFERRED TAX ASSETS AS THERE WAS NO COMMENT IN THE AUDITOR’S REPORT
DID NOT REPORT OR ADDRESS ERRORS IN CASH FLOW STATEMENT
ERRONEOUS APPLICATION OF FINANCIAL REPORTING FRAMEWORK BY THE COMPANY
MISUSED EMPHASIS OF MATTERS FOR ISSUING A MODIFIED AUDIT OPINION
SIGNIFICANT ACCOUNTING POLICIES NOT AS PER APPLICABLE ACCOUNTING STANDARDS
|
IMPOSED PENALTY RS.5,00,000
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 03-SEP-2023 TO 02-SEP-2033
03-AUG-2023
|
|
| 151 |
|
|
VEERANNA G.MANTGOL & CO.
(M.No.:04580S)
|
|
|
|
SHRISHAIL VEERANNA MANTGOL
(M.No.:224907)
|
|
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
|
|
| 152 |
|
|
VENKATESH & CO.
(M.No.:004636S)
|
|
|
ACCEPTED AUDIT ENGAGEMENT AS STATUTORY AUDITOR OF COFFEE DAY ENTERPRISES LTD. WITHOUT PERFORMING MANDATORY AUDIT PROCEDURES AND WITHOUT FIRST COMMUNICATING WITH RESIGNING AUDITOR
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN PREPARATION OF INDEPENDENT AUDITOR’S REPORT
DID NOT EXERCISE PROFESSIONAL SKEPTICISM & JUDGEMENT TO IDENTIFY AND ASSESS FRAUD RISK RAISED DUE TO DIVERSION OF RS.3,535.00 CRORE TO MYSORE AMALGAMATED COFFEE ESTATE LTD., EVERGREENING OF LOANS THROUGH CIRCULATION OF FUNDS AND DIVERSION OF RS.245 CRORES TO OTHER PARTIES IN THE NAME OF LAND ADVANCES
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT REPORT FRAUDULENT DIVERSION OF FUNDS TO CENTRAL GOVERNMENT
|
IMPOSED PENALTY RS.2,00,00,000
10-OCT-2024
|
|
| 153 |
|
|
VENKATESH & CO.
(M.No.:004636S)
|
|
|
|
DASARATY V.
(M.No.:026336)
|
|
ACCEPTED AUDIT ENGAGEMENT AS STATUTORY AUDITOR OF COFFEE DAY ENTERPRISES LTD. WITHOUT PERFORMING MANDATORY AUDIT PROCEDURES AND WITHOUT FIRST COMMUNICATING WITH RESIGNING AUDITOR
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN PREPARATION OF INDEPENDENT AUDITOR’S REPORT
DID NOT EXERCISE PROFESSIONAL SKEPTICISM & JUDGEMENT TO IDENTIFY AND ASSESS FRAUD RISK RAISED DUE TO DIVERSION OF RS.3,535.00 CRORE TO MYSORE AMALGAMATED COFFEE ESTATE LTD., EVERGREENING OF LOANS THROUGH CIRCULATION OF FUNDS AND DIVERSION OF RS.245 CRORES TO OTHER PARTIES IN THE NAME OF LAND ADVANCES
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT REPORT FRAUDULENT DIVERSION OF FUNDS TO CENTRAL GOVERNMENT
|
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 10-NOV-2024 TO 09-NOV-2034
IMPOSED PENALTY RS.10,00,000
10-OCT-2024
|
|
| 154 |
|
|
VENKATESH & CO.
(M.No.:004636S)
|
|
|
|
DESIKAN G.
(M.No.:219101)
|
|
ACCEPTED AUDIT ENGAGEMENT AS STATUTORY AUDITOR OF COFFEE DAY ENTERPRISES LTD. WITHOUT PERFORMING MANDATORY AUDIT PROCEDURES AND WITHOUT FIRST COMMUNICATING WITH RESIGNING AUDITOR
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN PREPARATION OF INDEPENDENT AUDITOR’S REPORT
DID NOT EXERCISE PROFESSIONAL SKEPTICISM & JUDGEMENT TO IDENTIFY AND ASSESS FRAUD RISK RAISED DUE TO DIVERSION OF RS.3,535.00 CRORE TO MYSORE AMALGAMATED COFFEE ESTATE LTD., EVERGREENING OF LOANS THROUGH CIRCULATION OF FUNDS AND DIVERSION OF RS.245 CRORES TO OTHER PARTIES IN THE NAME OF LAND ADVANCES
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT REPORT FRAUDULENT DIVERSION OF FUNDS TO CENTRAL GOVERNMENT
|
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 10-NOV-2024 TO 09-NOV-2029
IMPOSED PENALTY RS.5,00,000
10-OCT-2024
|
|
| 155 |
|
|
VIJAY SINGH PAMECHA
(M.No.:071374)
|
|
|
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
|
|
| 156 |
|
|
VIJAY SINGH PAMECHA & CO.
(M.No.:002343C)
|
|
|
|
VIJAY SINGH PAMECHA
(M.No.:071374)
|
|
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
|
|
| 157 |
|
|
VISHAL D.SHAH
(M.No.:119303)
|
|
|
DID NOT CARRY OUT ANY INDEPENDENT PROCEDURES REGARDING RESPONSIBILITIES OF JOINT AUDITOR
DID NOT IDENTIFY AND RESPOND APPROPRIATELY TO RISK OF MATERIAL MISSTATEMENT DUE TO FRAUD IN MANAGEMENT OVERRIDE OF CONTROLS AND REVENUE
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING COMPLIANCE WITH LENDING POLICY
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING REASONABILITY OF ESTIMATE OF EXPECTED CREDIT LOSS (ECL) AND RELATED DISCLOSURES IN FINANCIAL STATEMENTS
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE SUPPORTING SIGNIFICANT ACCOUNTS, INCLUDING ACCOUNTS DESIGNATED AS A FRAUD RISK OR SIGNIFICANT RISK AND DID NOT COMPLYING WITH MULTIPLE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB) AUDITING STANDARDS
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
INDULGED IN SELF-REVIEW BY PREPARING MATERIAL INFORMATION FOR FINANCIAL STATEMENTS OF THE COMPANY
MISLED USERS OF THE FINANCIAL STATEMENTS
|
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-2024 TO 11-MAY-2029
IMPOSED PENALTY RS.50,00,000
12-APR-2024
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| 158 |
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VISHWANATH GOSWAMI
(M.No.:401362)
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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.
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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 29-OCT-2023 TO 28-OCT-2024
29-SEP-2023
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| 159 |
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Y.D.& CO.
(M.No.:018846n)
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RAKESH PURI
(M.No.:092728)
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DID NOT APPOINT ENGAGEMENT OF QUALITY CONTROL REVIEWER (EQCR)
DID NOT CHECK CONTRACT NOTES OF COMMODITY TRADES
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT EVALUATE ACCOUNTING POLICY RELATING TO RECOGNITION OF REVENUE
DID NOT EVALUATE RISK OF FRAUD IN REVENUE RECOGNITION
DID NOT MAKE DISCLOSURE OF MATERIAL MISSTATEMENTS IN AUDIT REPORT
DID NOT PLAN AUDIT AND DID NOT UNDERSTAND ENTITY AND ITS ENVIRONMENT
DID NOT VERIFY BALANCES OF DEBTORS AND CREDITORS
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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 19-JUN-2023 TO 18-JUN-2028
IMPOSED PENALTY RS.5,00,000
19-MAY-2023
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| 160 |
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YOGESH MAHIPAL
(M.No.:530620)
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DID NOT APPOINT ENGAGEMENT OF QUALITY CONTROL REVIEWER (EQCR)
DID NOT ASSEMBLE AUDIT FILE WITHIN SIXTY DAYS OF COMPLETION OF AUDIT
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY
DID NOT EVALUATE ARM’S LENGTH PRICING FOR TRANSACTIONS ENTERED WITH RELATED PARTIES
DID NOT EVALUATE INTERNAL AUDIT FUNCTION
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE THROUGH EXTERNAL CONFIRMATIONS
DID NOT PLAN AUDIT AND DID NOT UNDERSTAND ENTITY AND ITS ENVIRONMENT
DID NOT REPORT NON CHARGING OF DEPRECIATION OF LEASE HOLD AND PLANT & MACHINERY
DID NOT REPORT NON-PROVISIONING IN RESPECT OF EXPECTED CREDIT LOSS
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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 05-AUG-2024 TO 04-AUG-2026
IMPOSED PENALTY RS.2,00,000
05-JUL-2024
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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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