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Taking stern action against two chartered accounts (CAs) and an audit firm in the matter of Coffee Day Enterprises Ltd (CDEL) and its subsidiaries Mysore Amalgamated Coffee Estate Ltd (MACEL) and Tanglin Developments Ltd (TDL), the national financial reporting authority (NFRA) has imposed a ban of 10 years on CA Lavitha Shetty and a ban of five years on CA C Ramesh. ....
“A lot can happen over a cup of coffee” is the famous tagline of the much-loved brand which gave Indians their first taste of coffee shops and quality coffee. Well, a lot is happening at Café Coffee Day Enterprises Ltd (CDEL); but none of it is good news for investors. ....
Firm responsible has been debarred for a period of two years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate., , Coffee Day Enterprises, Coffee Day Enterprises Ltd (CDEL), penalty, misconduct ....