Forensic Audit

AMCs term it from 'positive development' to 'preventive exercise'

Shareholders of Kirloskar Brothers Ltd have rejected a resolution for forensic audit of the affairs of the company by an external agency, according to a regulatory filing on Monday. On December 8, an extraordinary general meeting of the company's shareholders was convened following requisition by Kirloskar Industries Ltd (KIL) along with Atul Kirloskar and Rahul Kirloskar, who together hold 24.92 per cent in Kirloskar Brothers Ltd (KBL), amid the simmering feud between Kirloskar siblings. The ordinary resolution was rejected with 63.99 per cent of votes against it while 36.01 per cent were in favour, the filing said. The resolution had called for the appointment of an independent forensic auditor for conducting a forensic audit to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years and the affairs of the company. It had also sought investigation to verify all records, books of accounts, minutes books, and other ...

KIL raised questions whether the KBL Board, especially the independent directors of KBL, verified the claims made by Sanjay Kirloskar in relation to the Deed of Family Settlement

He alleged that the police are trying to mislead the people on the issue by stating that the video being circulated on social media is not original.

The agency officials have contacted all the bank authorities concerned and asked for statement details, following which they will be sent for forensic audit.

Jahangirpuri violence: The clashes broke out when the Shobha Yatra procession was passing through the road just next to Kusal Cinema Hall, on the opposite side of which is a mosque.

The Digital Accounting and Assurance Board of the ICAI has proposed eight new Forensic Accounting and Investigation Standards, which will be placed for final approval on August 13

The company has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit

Standards used now are not clear, resulting in hundreds of cases across India courts filed by borrowers, companies and individuals

The watchdog has requested BSE to nominate a forensic auditor to look at the books of accounts of the corporate for the interval from April 1, 2019 to December 31, 2020, as per a Sebi order

Sebi has directed Prabhat Dairy to despoist Rs 1,292 crore in an escrow bank account

In order to address the gaps in availability of information, markets regulator Sebi has asked listed companies to make disclosures about initiation of forensic audit to stock exchanges

Clarifies that employees who made investments in the six wound-up schemes continue to hold substantial investments in these schemes

To boost repo trading in corporate bonds, the board also approved the proposal to facilitate setting up of a limited purpose repo clearing corporation.

Experts have suggested ramping up such labs and introducing forensic study in MBBS course

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

A copy of the letter, which alleges misuse of liquidity incentives scheme, was also senr to Sebi

UP Budget provides Rs 3 cr for curbing cybercrime against women, children; Rs 28 cr set aside for rape and acid attack victims

Sitharaman said the Narendra Modi government will soon announce a new education policy