ICAI found gross negligence by auditors of Byju s. FRRB will review the conduct of auditors and take appropriate action. RBI barred Paytm Payments Bank from business. Byju Raveendran was removed from the board of Byju s.
India slipped to the fourth position in the latest FIH men’s world rankings, while the women's team is ranked ninth. Germany took the third place in the men's rankings, and Netherlands continue to sit at the top. Belgium is in second place, followed by Australia in fifth place. In the women's rankings, Netherlands is in the first place, followed by Argentina and Germany.
Holding chartered accountant (CA) Anil Chauhan and his firm Anil Chauhan & Associates guilty of professional misconduct while performing the statutory audit of Seya Industries Ltd (SIL) financial year (FY)18-19, FY19-20, the national financial reporting authority (NFRA) imposed a penalty of Rs20 lakh on the CA, while barring, for ten years, him and his firm from being appointed as an auditor or internal auditor or from undertaking any audit.
Holding chartered accountant (CA) Pawan Jain guilty of professional misconduct and issuing reports to Quess Corp Ltd under the Income Tax (I-T) Act without exercising due diligence and obtaining sufficient information, the national financial reporting authority (NFRA) imposed a penalty of Rs50 lakh on the CA.
Holding a chartered account (CA), Shyam Malpani, who worked as an engagement partner (EP), responsible for professional misconduct and conflict of interest while conducting the statutory audit of S Kumars Nationwide Ltd (SKNL) for FY13-14, the national financial reporting authority (NFRA) barred the CA for five years and and imposed a penalty of Rs5 lakh.