MCA Penalizes Company and Directors for Failure to Address Auditor’s Remarks in Directors’ Report for FY 2019-20 [Read Order]
During the inquiry, it was observed that the directors had not given proper explanations in the Directors Report for the financial year ended 31.03.2020 regarding the non-compliances pointed out by the auditor
In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for failure to address the auditor’s remarks in the directors’ report for FY 2019-20 The company named Triveni Nidhi Limited was…
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