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NFRA to have power to impose penalty on audit firms

News and Press Release - Dated:- 6-3-2018 - The Chartered Accountants Act, 1949 (Act) provides for imposition of penalti .....

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nt for amendment to the Act to, inter alia, provide for registration of audit firms, procedure for taking necessary disc .....

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on audit firms. Section 132 of the Companies Act, 2013 provides for constitution of the National Financial Reporting Aut .....

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