MAN Industries Audit: NFRA Bans CA Nilesh Chheda for 5 Years, Slaps Rs5 Lakh Penalty for Professional Misconduct
Holding chartered accountant (CA) Nilesh Chheda responsible for professional misconduct as engagement partner (EP) for the fiscal year (FY)16-17 statutory audit (SA) of MAN Industries (India) Ltd (MIIL), the National Financial Reporting Authority (NFRA) has banned the CA for five years from being appointed as an auditor or internal auditor or from undertaking any audit and imposed a penalty of Rs5 lakh.
Source: moneylife.in