NCLAT REINFORCES NFRA’S POWERS TO PUNISH CAS FOR PAST AUDIT MISCONDUCTS.
NCLAT Empowers NFRA to Retroactively Penalize Auditors: Landmark Ruling in DHFL CaseIn a groundbreaking verdict, the National Company Law Appellate Tribunal (NCLAT) has affirmed the National Financial Reporting Authority’s (NFRA) authority to retrospectively oversee and take punitive action against Chartered Accountants for misconduct predating its establishment in October 2018. This ruling grants NFRA, the country’s …
NCLAT REINFORCES NFRA’S POWERS TO PUNISH CAS FOR PAST AUDIT MISCONDUCTS. Read More »