New audit regime in sync with Viksit Bharat vision: NFRA chief, ET LegalWorld
The move to align the Indian audit standards with global norms is a “major reform towards corporate governance and making India a developed country” by 2047, National Financial Reporting Authority (NFRA) chairman Ajay Bhushan Prasad Pandey told ET, while allaying fears it would lead to audit work concentration or disruptions. Pandey added that 39 of […]
DGCA removes SpiceJet from enhanced surveillance regime, Legal News, ET LegalWorld
Aviation regulator DGCA on Tuesday said it has removed SpiceJet from enhanced surveillance regime in the wake of the airline taking actions to rectify deficiencies as well as raising funds to meet obligations. On September 13, the Directorate General of Civil Aviation (DGCA) placed the budget carrier under the enhanced surveillance regime following financial constraints […]
What is a bill? Costs lawyers urge regime reform
Ridgway: We need a framework in line with modern legal practice Two significant High Court rulings in which law firms’ billing arrangements did not achieve what they had intended, emphasise the need for reform of the legal framework around them, the Association of Costs Lawyers (ACL) has argued. The body for regulated costs professionals said […]