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NFRA can investigate audit misconduct that occurred before its formation, has superior powers over ICAI: NCLAT - Vimarsana News

NFRA can investigate audit misconduct that occurred before its formation, has superior powers over ICAI: NCLAT

The National Company Appellate Law Tribunal (NCLAT) at Delhi on Friday ruled that the National Financial Reporting Authority (NFRA) has retrospective powers to investigate allegations of misconduct by financial auditors.

NCLAT sets aside CCI order passed by 3 out of 5 members who heard case, says all who hear case must sign order - Vimarsana News

NCLAT sets aside CCI order passed by 3 out of 5 members who heard case, says all who hear case must sign order

The NCLAT also criticised the CCI for taking almost 13 months to pass the order, by which time two of the five-member coram had retired and, therefore, could not sign the order.