The National Company Law Tribunal (NCLAT), New Delhi held that the auditor cannot be debarred for 5 years under Companies Act, 2013 in the absence of evidence supporting fraudulent intentions. In the case of Mukesh Maneklal Choksi vs. Union of India and Zen Shaving Ltd., the court allowed the appeal and held that though the […]
The post No debar for Auditor under Companies Act If Fraudulent Intention is not Proved: NCLAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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