| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.B.JANI
(M.No.:46488)
|
|
|
|
DELOITTE HASKINS & SELLS LLP
(M.No.:117366W)
|
|
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DESIGN AND PERFORM AUDIT PROCEDURES TO OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE AND TO DEAL WITH INCONSISTENT EVIDENCE FROM DIFFERENT SOURCES
DID NOT EXERCISE DUE DILIGENCE AND PROFESSIONAL SKEPTICISM IN CONDUCT OF DUTIES REGARDING THE FD MATTER
DID NOT MAINTAIN PROFESSIONAL SKEPTICISM THROUGHOUT AUDIT TO DETECT IF MANAGEMENT HAS OVERRIDDEN CONTROLS TO CONDUCT FRAUD
DID NOT MAKE ENQUIRIES OF MANAGEMENT AND OTHERS WITHIN ENTITY (PROMOTERS AND DIRECTORS) AS APPROPRIATE, TO DETERMINE WHETHER THEY HAVE KNOWLEDGE OF ANY ACTUAL, SUSPECTED OR ALLEGED FRAUD AFFECTING THE ENTITY
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE ABOUT ASSESSED RISKS OF MATERIAL MISSTATEMENT THROUGH DESIGNING AND IMPLEMENTING APPROPRIATE RESPONSES TO THOSE RISKS
DID NOT PERFORM EXTERNAL CONFIRMATION PROCEDURES REGARDING THE REASON FOR CLOSURE OF FIXED DEPOSITS
DID NOT PLAN AND PERFORM AUDIT WITH PROFESSIONAL SKEPTICISM
DID NOT PROVIDE REASONABLE ASSURANCE BASED ON AUDIT EVIDENCE AND IN COMPLIANCE WITH APPLICABLE SAS
NONE OF THE INCONSISTENT EVIDENCE NOTED IN THE ORDER ADDRESSED BY THE AUDITORS
|
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 23-DEC-2024 TO 22-DEC-2029
IMPOSED PENALTY RS.10,00,000
23-DEC-2024
|
|
| 2 |
|
|
DEVANG DALAL
(M.No.:109049)
|
|
|
DID NOT CHALLENGE MANAGEMENT DECISION OF RECOGNIZING ONLY A SMALL AMOUNT OF IMPAIRMENT LOSS ALLOWANCES IN RESPECT OF TRADE RECEIVABLES
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DESIGN AND IMPLEMENT AUDITOR’S RESPONSE TO ASSESSED RISKS
DID NOT DESIGN AND PERFORM ANALYTICAL PROCEDURES VIOLATING PARAS 3(B) AND 6 OF STANDARDS ON AUDITING 520
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY VIOLATING PARA 10 OF STANDARDS ON AUDITING 320
DID NOT MAKE DISCLOSURE OF OUTSTANDING CAPITAL ADVANCE OF RS.56.41 CRORE RECEIVABLE FROM RELATED PARTY VIZ MERINO SHELTERS PVT.LTD.
DID NOT REPORT NON-DISCLOSURE BY MAN INDUSTRIES (INDIA) LTD. OF PLEDGING OF EQUITY SHARES OF ITS SUBSIDIARY MERINO SHELTERS PVT.LTD. OF RS.102.30 CRORE FOR OBTAINING CREDIT FACILITIES FROM SOUTH INDIAN BANK
DID NOT REPORT NON-DISCLOSURE OF CREDIT RISK PROFILE OF TRADE RECEIVABLES
DID NOT REPORT NON-DISCLOSURE OF FULL PARTICULARS OF THE PURPOSE AND UTILISATION OF LOAN OF RS.8.47 CRORE FROM RELATED PARTY MERINO SHELTERS PVT.LTD.
DID NOT REPORT NON-DISCLOSURE OF RELATED PARTY LOAN ON GROSS BASIS
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE IN RESPECT OF NUMBER OF MATERIAL ACCOUNT BALANCES AND TRANSACTIONS
DID NOT PERFORM AUDIT PROCEDURE IN RESPECT OF IDENTIFICATION AND ASSESSMENT OF RISK OF MATERIAL MISSTATEMENT VIOLATING STANDARDS ON AUDITING 315
DID NOT PERFORM RISK ASSESSMENT PROCEDURE TO IDENTIFY, ASSESS AND RESPOND TO RISK OF MATERIAL MISSTATEMENT IN FINANCIAL STATEMENTS
DID NOT PLAN AUDIT OF FINANCIAL STATEMENTS AS PER STANDARDS ON AUDITING 300
DID NOT PREPARE AUDIT DOCUMENTS AS PER STANDARDS ON AUDITING 230
DID NOT REPORT NON-CONSOLIDATION OF SUBSIDIARY
|
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 28-JUL-2023 TO 27-JUL-2028
IMPOSED PENALTY RS.10,00,000
28-JUN-2023
|
|
| 3 |
|
|
GULSHAN JAGDISH JHAM
(M.No.:408315)
|
|
|
DID NOT EXERCISE DUE DILIGENCE OR GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT INVITE ATTENTION TO ANY MATERIAL DEPARTURE FROM GENERALLY ACCEPTED PROCEDURE OF AUDIT APPLICABLE TO CIRCUMSTANCES
DID NOT MAKE DISCLOSURE OF MATERIAL NON-COMPLIANCES THE COMPANY MADE AS PER SECTION 132(4) OF THE COMPANIES ACT READ WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO.38 OF 1949) AND CLAUSE 5 OF PART 1 OF THE SECOND SCHEDULE OF THE CHARTERED ACCOUNTANTS ACT 1949IN MATTER OF PRABHU STEEL INDUSTRIES LTD.
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION OR ITS EXCEPTIONS MATERIAL TO NEGATE EXPRESSION OF OPINION
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN FINANCIAL STATEMENTS AS PER SECTION 132(4) OF THE COMPANIES ACTREAD WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO.38 OF 1949) AND CLAUSE 6 OF PART I OF THE SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF PRABHU STEEL INDUSTRIES 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 21-JUL-2022 TO 20-JUL-2023
IMPOSED PENALTY RS.1,00,000
21-JUN-2022
|
|
| 4 |
|
|
KRISHNA BIHARI CHATURVEDI
(M.No.:413754)
|
|
|
|
K.B.CHATURVEDI & ASSOCIATES
(M.No.:016107c)
|
|
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION OR ITS EXCEPTIONS SUFFICIENTLY MATERIAL TO NEGATE EXPRESSION OF OPINION
|
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
|
|
| 5 |
|
|
NEERAJ BANSAL
(M.No.:095960)
|
|
|
DELAY IN FILING OF ADT-4 FOR REPORTING OF FRAUD TO CENTRAL GOVERNMENT
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE IN FORMING OPINION ON FINANCIAL STATEMENTS
DID NOT PERFORMING ADEQUATE RISK ASSESSMENT PROCEDURES AND RESPONDED TO RISK
DID NOT PREPARE AUDIT DOCUMENTS AS PER STANDARDS ON AUDITING 230
DID NOT VERIFY CERTAIN FUTURE TAXABLE INCOME AGAINST WHICH DEFERRED TAX ASSETS OF RS.495.63 CRORE WAS RECOGNIZED IN BOOKS
|
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 01-MAR-2025 TO 29-JAN-2030
30-JAN-2025
|
|
| 6 |
|
|
NILESH CHHEDA
(M.No.:124810)
|
|
|
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DESIGN AND PERFORM ANALYTICAL PROCEDURES VIOLATING PARAS 3(B) AND 6 OF STANDARDS ON AUDITING 520
DID NOT DETERMINE MATERIALITY FOR FINANCIAL STATEMENTS AS A WHOLE WHILE ESTABLISHING AUDIT STRATEGY VIOLATING STANDARDS ON AUDITING 320
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE
DID NOT PERFORM RISK ASSESSMENT PROCEDURE TO IDENTIFY, ASSESS AND RESPOND TO RISK OF MATERIAL MISSTATEMENT IN FINANCIAL STATEMENTS
DID NOT PLAN AUDIT OF FINANCIAL STATEMENTS AS PER STANDARDS ON AUDITING 300
DID NOT REPORT NON-DISCLOSURE OF TRADE PAYABLE COVERED UNDER MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006
DID NOT PREPARE AUDIT DOCUMENTS AS PER STANDARDS ON AUDITING 230
DID NOT PREPARE DOCUMENTATION REGARDING AUDITOR’S RESPONSIBILITIES RELATING TO FRAUD IN AUDIT FINANCIAL STATEMENTS
DID NOT REPORT FULL PARTICULARS OF LOAN TO RELATED PARTY
DID NOT REPORT ISSUES RELATED TO DISCLOSURE OF CREDIT RISK EXPOSURE
DID NOT REPORT NON-CONSOLIDATION OF SUBSIDIARY
DID NOT REPORT NON-DISCLOSURE OF RELATED PARTY LOAN ON GROSS BASIS
|
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 22-DEC-2023 TO 21-DEC-2028
22-NOV-2023
|
|
| 7 |
|
|
NILESH SHAH
(M.No.:107752)
|
|
|
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
|
|
| 8 |
|
|
P.POOVALINGAM
(M.No.:024295)
|
|
|
|
J.SINGH & ASSOCIATES
(M.No.:110266W)
|
|
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
|
|
| 9 |
|
|
RAJIV BENGALI
(M.No.:043998)
|
|
|
DID NOT EXERCISE DUE DILIGENCE OR GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT INVITE ATTENTION TO ANY MATERIAL DEPARTURE FROM GENERALLY ACCEPTED PROCEDURE OF AUDIT APPLICABLE TO CIRCUMSTANCES
DID NOT MAKE DISCLOSURE OF MATERIAL NON-COMPLIANCES AS PER SECTION 132(4) OF THE COMPANIES ACT, 2013 READ WITH SECTION 22 AND CLAUSE 5 OF PART I OF THE SECOND SCHEDULE OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO.38 OF 1949) IN MATTER OF TRILOGIC DIGITAL MEDIA LTD.
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION OR ITS EXCEPTIONS MATERIAL TO NEGATE EXPRESSION OF OPINION
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN FINANCIAL STATEMENTS AS PER SECTION 132(4) OF THE COMPANIES ACT, 2013 READ WITH SECTION 22 AND CLAUSE 6 OF PART I OF THE SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 (38 OF 1949) IN MATTER OF TRILOGIC DIGITAL MEDIA 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 19-OCT-2022 TO 18-OCT-2027
IMPOSED PENALTY RS.5,00,000
19-SEP-2022
|
|
| 10 |
|
|
RAKESH SHARMA
(M.No.:102042)
|
|
|
|
DELOITTE HASKINS & SELLS LLP
(M.No.:117366W)
|
|
NONE OF THE INCONSISTENT EVIDENCE NOTED IN THE ORDER ADDRESSED BY THE AUDITORS
DID NOT MAINTAIN PROFESSIONAL SKEPTICISM THROUGHOUT AUDIT TO DETECT IF MANAGEMENT HAS OVERRIDDEN CONTROLS TO CONDUCT FRAUD
DID NOT MAKE ENQUIRIES OF MANAGEMENT AND OTHERS WITHIN ENTITY (PROMOTERS AND DIRECTORS) AS APPROPRIATE, TO DETERMINE WHETHER THEY HAVE KNOWLEDGE OF ANY ACTUAL, SUSPECTED OR ALLEGED FRAUD AFFECTING THE ENTITY
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE ABOUT ASSESSED RISKS OF MATERIAL MISSTATEMENT THROUGH DESIGNING AND IMPLEMENTING APPROPRIATE RESPONSES TO THOSE RISKS
DID NOT PERFORM EXTERNAL CONFIRMATION PROCEDURES REGARDING THE REASON FOR CLOSURE OF FIXED DEPOSITS
DID NOT PLAN AND PERFORM AUDIT WITH PROFESSIONAL SKEPTICISM
DID NOT PROVIDE REASONABLE ASSURANCE BASED ON AUDIT EVIDENCE AND IN COMPLIANCE WITH APPLICABLE SAS
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT DESIGN AND PERFORM AUDIT PROCEDURES TO OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE AND TO DEAL WITH INCONSISTENT EVIDENCE FROM DIFFERENT SOURCES
DID NOT EXERCISE DUE DILIGENCE AND PROFESSIONAL SKEPTICISM IN CONDUCT OF DUTIES REGARDING THE FD MATTER
|
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 23-DEC-2024 TO 22-DEC-2027
IMPOSED PENALTY RS.5,00,000
23-DEC-2024
|
|
| 11 |
|
|
RATAN LAXMINARAYAN RATHI
(M.No.:014739)
|
|
|
|
R.L.RATHI & CO.
(M.No.:108719W)
|
|
DID NOT APPOINT ENGAGEMENT OF QUALITY CONTROL REVIEWER (EQCR)
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE
DID NOT PERFORM NECESSARY AUDIT PROCEDURE TO VERIFY RELATED PARTY TRANSACTIONS
DID NOT REPORT NON-RECOGNITION OF INTEREST COST ON BORROWINGS CLASSIFIED AS NON PERFORMING ASSETS (NPAS)
DID NOT SUBMIT AUDIT FILE TO NFRA DESPITE REMINDERS
|
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 22-MAR-2024 TO 21-MAR-2026
IMPOSED PENALTY RS.3,00,000
22-FEB-2024
|
|
| 12 |
|
|
RUKSHAD DARUVALA
(M.No.:111188)
|
|
|
DID NOT EXERCISE DUE DILIGENCE OR GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT INVITE ATTENTION TO ANY MATERIAL DEPARTURE FROM GENERALLY ACCEPTED PROCEDURE OF AUDIT APPLICABLE TO CIRCUMSTANCES
|
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 23-JUL-2020 TO 22-JUL-2025
IMPOSED PENALTY RS.5,00,000
23-JUL-2020
|
|
| 13 |
|
|
SACHIN KANSAL
(M.No.:137191)
|
|
|
|
S.KANSAL & ASSOCIATES
(M.No.:134937W)
|
|
AUDIT FILE DID NOT CONTAIN AGREEMENT ON TERMS OF AUDIT ENGAGEMENTS WITH MANAGEMENT OR THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT APPOINT ENGAGEMENT OF QUALITY CONTROL REVIEWER (EQCR)
DID NOT ASSEMBLE AUDIT FILE WITHIN SIXTY DAYS OF SIGNING OF AUDIT REPORT VIOLATING STANDARDS ON AUDITING 230
DID NOT COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT MAKE PROVISION FOR TRADE RECEIVABLES – UNSECURED, CONSIDERED DOUBTFUL
DID NOT PREPARE FINANCIAL STATEMENTS IN FORMAT PROVIDED IN DIVISION I OF SCHEDULE III TO THE ACT.
DID NOT REPORT NON-DISCLOSURE OF COST FORMULA FOR VALUATION OF INVENTORIES IN FINANCIAL STATEMENTS
DID NOT REPORT NON-PROVISION OF INTEREST COSTS PERTAINING TO BORROWINGS FROM BANK AND NBFCS
DID NOT REPORT WRONG AMORTIZATION OF EXPENSES
DID NOT REPORT WRONG ACCOUNTING OF DEFERRED TAX ASSETS
|
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 27-AUG-2023 TO 26-AUG-2024
IMPOSED PENALTY RS.1,00,000
27-JUL-2023
|
|
| 14 |
|
|
SHRENIK BAID
(M.No.:103884)
|
|
|
DID NOT EXERCISE DUE DILIGENCE OR GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT INVITE ATTENTION TO ANY MATERIAL DEPARTURE FROM GENERALLY ACCEPTED PROCEDURE OF AUDIT APPLICABLE TO CIRCUMSTANCES
DID NOT MAKE DISCLOSURE OF MATERIAL FACT IN A FINANCIAL STATEMENT VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 5 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANTS ACT, 1949 IN MATTER OF OF IL&FS FINANCIAL SERVICES LTD.
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION OR ITS EXCEPTIONS MATERIAL TO NEGATE EXPRESSION OF OPINION
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN A FINANCIAL STATEMENTS VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 6 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF OF IL&FS FINANCIAL SERVICES 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 28-JUL-2020 TO 27-JUL-2025
IMPOSED PENALTY RS.15,00,000
28-JUL-2020
|
|
| 15 |
|
|
SOM PRAKASH AGGARWAL
(M.No.:74813)
|
|
|
DID NOT EXERCISE DUE DILIGENCE OR GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT INVITE ATTENTION TO ANY MATERIAL DEPARTURE FROM GENERALLY ACCEPTED PROCEDURE OF AUDIT APPLICABLE TO CIRCUMSTANCES
DID NOT MAKE DISCLOSURE OF MATERIAL NON-COMPLIANCES THE COMPANY MADE AS PER SECTION 132(4) OF THE COMPANIES ACT. READ WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT. 1949 AND CLAUSE 5 OF PART I OF THE SECOND SCHEDULE OF THE CHARTERED ACCOUNTANTS ACT 1949 IN MATTER OF VIKAS WSP LTD.
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION OR ITS EXCEPTIONS MATERIAL TO NEGATE EXPRESSION OF OPINION
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN FINANCIAL STATEMENTS AS PER SECTION 132(4) OF THE COMPANIES ACT. READ WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT. 1949 AND CLAUSE 6 OF PART I OF THE SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF VIKAS WSP LTD.
|
ADVISED TO UNDERTAKE TRAINING ON STANDARD ON AUDITING AND INDIN ACCOUNTING STANDARDS FROM ICAI OR ANY INSTITUTION RECOGNIZED BY ICAI OR EQUIVALENT INTERNATIONAL INSTITUTION AND SUBMIT PROOF OF COMPLETION OF SUCH TRAINING TO AUTHORITY WITHIN 180 DAYS
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-OCT-2022 TO 11-OCT-2025
IMPOSED PENALTY RS.3,00,000
12-SEP-2022
|
|
| 16 |
|
|
UDAYAN SEN
(M.No.:31220)
|
|
|
DID NOT EXERCISE DUE DILIGENCE OR GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES
DID NOT INVITE ATTENTION TO ANY MATERIAL DEPARTURE FROM GENERALLY ACCEPTED PROCEDURE OF AUDIT APPLICABLE TO CIRCUMSTANCES
DID NOT MAKE DISCLOSURE OF MATERIAL FACT IN A FINANCIAL STATEMENT VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 5 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANTS ACT, 1949 IN MATTER OF OF IL&FS FINANCIAL SERVICES LTD.
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION OR ITS EXCEPTIONS MATERIAL TO NEGATE EXPRESSION OF OPINION
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN A FINANCIAL STATEMENTS VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 6 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF OF IL&FS FINANCIAL SERVICES 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 22-JUL-2020 TO 21-JUL-2027
IMPOSED PENALTY RS.25,00,000
22-JUL-2020
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
