Systemically important non-banking financial company - Latest News Update, Information, Photos & Videos on Systemically important non-banking financial company at Lokmat Times

Mumbai, Oct 12 The Reserve Bank of India (RBI) has debarred chartered accountants Haribhakti and Co LLP from undertaking any type of audit assignments in any of the entities regulated by it for a period of two years with effect from April 1, 2022.The action has been taken on account of the failure on the part of the audit firm to comply with a specific direction issued by the RBI with respect to its statutory audit of a Systemically Important Non-Banking Financial Company.The RBI decision will, however, not impact audit assignments of the audit firm in RBI regulated entities for the financial year 2021-22.The action against statutory auditors of the NBFC has been taken under section 45MAA of The RBI Act, 1934, empowers the central bank to take action against auditors of NBFCs.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Systemically Important Non-Banking Financial CompanyFOLLOW

Systemically important non-banking financial company, Latest News

International :RBI bars statutory auditor for flouting directions on NBFC

Mumbai, Oct 12 The Reserve Bank of India (RBI) has debarred chartered accountants Haribhakti and Co LLP from ... ...