Price Waterhouse

Currently, only the state government of Maharashtra allows a single window clearance system for this industry

Grant Thornton has increased its intake from UG colleges by more than double this year. In a similar trend, PwC has also ramped up its hiring of non-engineers from UG colleges

"Details of information and explanations sought and still not provided is reiterated in our letter dated August 12, 2020 to the management," Price Waterhouse said in its letter

The apex court move comes as a big relief to Sebi as the SAT order had led to jurisdictional ambiguity

From PV sales declining for the 10th straight month to chances that the govt is unlikely to replace the Income Tax Act with the direct tax code, here are the top business headlines for Tuesday

The scandal involving overstatement of bank and cash balances by over Rs 3,300 cr had come to light in January 2009

Vakrangee said it will "fully co-operate" with the investigation and try to complete the process at the earliest

The Securities and Appellate Tribunal (SAT) on Thursday extended relaxation provided to Price Waterhouse (PW) to allow it to service existing clients whose financial year ends in March 2019.On January 19, the tribunal had allowed PW to continue servicing existing clients until December 2018. SAT, however, its new bench could relook at this relaxation. The tribunal's bench is set to be reconstituted as one its member is retiring this month. The matter will be further heard by the new bench.PW has the liberty to complete any work of certification other than just audit, SAT said on Thursday.PW has moved SAT against Sebi's January 10 order banning audit firms under the brand PW from providing audit services to listed companies and market intermediaries for two years for its alleged involvement in the Satyam fraud case. Two PW partners have also been banned for three years. PW is seeking a blanket stay on the Sebi's order. During the argument, PW counsel and former attorney general Mukul .

The National Stock Exchange (NSE) is likely to seek removal of auditor Price Waterhouse (PW) at its upcoming board meeting. The move comes after market regulator Securities and Exchange Board of India (Sebi) imposed a two-year ban on PW for alleged involvement in the Satyam accounting fraud case. The country's largest stock exchange had appointed PW as its currently statutory auditor of the exchange for a period of five years starting September 2016. Sebi's ban on PW is applicable on all listed companies and also on intermediaries registered under it. "The exchange will propose a resolution for changing its auditor at its board meeting scheduled for February 2," said a senior exchange official. As per the Companies Act, the auditor appointed under Section 139, 140 may be removed from his office before expiry of his term only by a special resolution of the company. This requires shareholders' approval in the annual general meeting. Prior to this, the entity has to obtain approval from .

Most chartered accountants and audit professionals were of the view that the Sebi's order was 'harsh'

Companies to discuss new auditors at next board meetings

All those firms that either retained or signed on PW may now have to look for fresh auditors soon but again they will mostly search among the big four