Background: As per Section 132 of the Companies Act, 2013 read with National Financial Regulatory Authority (NFRA) Rules, 2018, certain companies and other entities as prescribed in these NFRA Rules and their auditors are governed by NFRA. NFRA 2 – Compliance MCA has prescribed Form NFRA-2 as the Annual Return which is to be filed
Order of Adjudicating Officer of Securities and Exchange Board of IndiaName of the Case: In respect of Carnation Industries Limited – Wherein SEBI Questions Audit Committee regarding their course of action when statutory auditor qualified his report? In the matter of Somesh Choudhary- Suspended Director at M/s Global Fragrances Private Limited (Appellant) vs. Knight Riders