{"id":368101,"date":"2020-08-17T11:51:45","date_gmt":"2020-08-17T06:21:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=368101"},"modified":"2020-08-17T12:26:46","modified_gmt":"2020-08-17T06:56:46","slug":"auditor-to-gvk-power-offers-to-quit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/auditor-to-gvk-power-offers-to-quit\/","title":{"rendered":"Auditor to GVK Power offers to quit"},"content":{"rendered":"<p>Price Waterhouse Chartered Accountants LLP wants to resign as the statutory auditors of GVK Power as it says the group is not providing them with the necessary information for audit of the financial statements for 2019-20. <\/p>\n<p>On August 13, the auditors had in a letter to the company\u2019s audit committee said their decision to resign would be \u201ceffective immediately upon discharge of their obligations\u201d under the Companies Act, 2013 read with Sebi circular in October 2019, GVK Power told  bourses on Friday. <\/p>\n<p>GVK Airport Holdings, a subsidiary of GVK Power, is the parent company of Mumbai International Airport Ltd (MIAL), holding more than 50 per cent stake. The other stakeholders in MIAL are Bidvest, ACSA and the Airports Authority of India. Earlier, Bidvest had entered into an agreement with the Adanis to sell its entire stake in the airport for Rs 1,248 crore. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price Waterhouse Chartered Accountants LLP wants to resign as the statutory auditors of GVK Power as it says the group is not providing them with the necessary information for audit of the financial statements for 2019-20. On August 13, the auditors had in a letter to the company\u2019s audit committee said their decision to resign would be \u201ceffective immediately upon discharge of their obligations\u201d under the Companies Act, 2013 read with Sebi circular in October 2019, GVK Power told bourses on Friday. GVK Airport Holdings, a subsidiary of GVK Power, is the parent company of Mumbai International Airport Ltd (MIAL), [&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":[130,245,148],"tags":[],"class_list":["post-368101","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368101","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=368101"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368101\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}