Ban

NFRA imposes five-year ban, Rs 5 lakh penalty on auditor for lapses

The National Financial Reporting Authority (NFRA) on Friday slapped a fine of Rs 5 lakh and a five-year ban on Rakesh Puri for alleged professional misconduct in connection with the audit of Sun and Shine Worldwide Ltd (SSWL) for the financial years 2012-13 and 2013-14. SSWL, now known as Johnson Pharmacare Ltd, is a BSE-listed company and was dealing in commodity futures trading during period of audit assessed by the regulator. In its order, NFRA levied a fine of Rs 5 lakh on the auditor Rakesh Puri, a partner of Y.D. & Company. Besides, Puri has been debarred for a period of five years from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate during the ban period. The regulator received information from Sebi pertaining to overstatement in reporting of sales and purchase figures to the tune of Rs 1,417 crore in the financial statements of SSWL for 2012-13 and 2013-14. Accordingly, an ...

Centre blocks 14 apps in J-K used by terrorists to receive messages: Report

In official communications to higher-ups, the intelligence agencies informed that these apps are spreading terror propaganda in the Valley

Foreign-made guns continue to be registered in Punjab despite Centre's ban

In Punjab over 4 lakh weapons including, pistols, revolvers, and guns stand registered to date

Decoded: How VPN secures our virtual lives & why a ban is unlikely

Would banning VPN impact WFH? Yes, since it has enabled remote working for many sensitive industries

A one-way regime of restraint

In Chennai, the kiosks for issuing boarding passes were tucked discreetly away

Ban on import of milk items from China extended till June 2017

However, New Delhi does not import milk products from Beijing but has imposed the ban as a preventive measure