Delhi HC junks Janta Party plea against ECI symbol order, ET LegalWorld
The Delhi High Court on Friday dismissed the Janta Party’s petition challenging the election commission’s order for reserving an election symbol only for recognised registered political parties. A bench of acting Chief Justice Vibhu Bakhru and Justice Tushar Rao Gedela said the issue raised by the petitioner was conclusively decided by the Supreme Court and […]
NFRA detects shortcomings in MSKA’s audit of related party transactions, ET LegalWorld
The National Financial Reporting Authority (NFRA) has flagged significant deficiencies in the audit practices of MSKA & Associates, an affiliate of BDO International, especially in related party transactions. Releasing its inspection report on Thursday, the audit regulator also underscored the “absence of formal documentation regarding the firm’s governance and management structure”. This indicates “non-compliance” with […]
NFRA flags deficiencies in BSR & Co’s audit of related party transactions, ET LegalWorld
New Delhi: The National Financial Reporting Authority (NFRA) has highlighted significant shortcomings in the audit practices of BSR & Co LLP, a KPMG sub-licensee, particularly in related party transactions. The audit regulator’s inspection was conducted in August 2024, which reviewed three BSR audit engagements from the FY ending March 2022 and March 2023. In a […]
Govt slaps fine on Sun Pharma officials over related party transactions, ET LegalWorld
Sun Pharmaceutical Industries Ltd on Thursday said the Ministry of Corporate Affairs has levied penalties on certain past and present directors and officials, including CMD Dilip Shanghvi, for non-disclosure and not obtaining approval of its board and shareholders for certain related party transactions. The company has received an order from the Regional Director, North Western […]
SC junks plea of US-based physicist against law prohibiting grant of nuclear licence to pvt party, ET LegalWorld
The Supreme Court on Tuesday junked a plea of a US-based physicist challenging a provision of the Atomic Energy Act which bars private parties from obtaining a license to deal in nuclear materials, saying they are capable of being misused, including for making bombs. A bench comprising Chief Justice D Y Chandrachud and Justices JB […]