RBI debars Haribhakti & Co. LLP, Chartered Accountants from NBFC audit for 2 years from 01.04.2022
The Reserve Bank of India (RBI) has debarred M/s Haribhakti & Co. LLP, Chartered Accountants from undertaking any type of audit assignment/s in any of the entities regulated by RBI for a period of two years with effect from April 1, 2022.
The action has been taken in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934 against Statutory Auditors of NBFC
As per RBI Press Release, the ban has been imposed on account of the failure on the part of the audit firm to comply with a specific direction issued by RBI with respect to its statutory audit of a Systemically Important Non-Banking Financial Company.
However it has been clarified that the ban will not impact audit assignment/s of M/s Haribhakti & Co. LLP in RBI regulated entities for the financial year 2021-22
Read RBI Press Release Click Here >>
- GSTR-4 late fee payable for FY 2021-22 waived for the period from 01.05.2022 till 30.06.2022
- No revision u/s 263 simply because AO in order did not make elaborate discussion – ITAT
- Investigation on deposit of tax during the course of GST search, inspection or investigation
- CIT to make enquiries himself to allege assessment order as erroneous and prejudicial
- ITAT admits additional evidences as assessee died and legal heirs could not collect it in time