{"id":284019,"date":"2019-07-23T07:22:34","date_gmt":"2019-07-23T07:22:34","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284019"},"modified":"2019-07-23T07:38:36","modified_gmt":"2019-07-23T07:38:36","slug":"nclt-reserves-order-on-mca-seeking-5-yr-ban-on-ifin-auditors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-reserves-order-on-mca-seeking-5-yr-ban-on-ifin-auditors\/","title":{"rendered":"NCLT reserves order on MCA seeking 5-yr ban on IFIN auditors"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) Monday reserved its order in the ministry of corporate affairs (MCA) plea seeking five-year ban for IL&amp;FS Financial Services auditors &#8211; Deloitte and BSR Associates.<\/p>\n<p>After hearing arguments of the auditors and the MCA, the tribunal comprising of VP Singh and Ravikumar Duraisamy reserved the order.<\/p>\n<p>Deloitte Haskins &amp; Sells and BSR Associates, which is an affiliate of KPMG, are no longer the auditors of crippled IL&amp;FS group, with the former resigning in FY18 and the latter as recent as last month.<\/p>\n<p>But the corporate affairs ministry has sought a five- year ban on them for their failure to do the statutory job properly while they were auditing these group companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) Monday reserved its order in the ministry of corporate affairs (MCA) plea seeking five-year ban for IL&amp;FS Financial Services auditors &#8211; Deloitte and BSR Associates. After hearing arguments of the auditors and the MCA, the tribunal comprising of VP Singh and Ravikumar Duraisamy reserved the order. Deloitte Haskins &amp; Sells and BSR Associates, which is an affiliate of KPMG, are no longer the auditors of crippled IL&amp;FS group, with the former resigning in FY18 and the latter as recent as last month. But the corporate affairs ministry has sought a five- year ban on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,213,144],"tags":[],"class_list":["post-284019","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=284019"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284019\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}