RBI debars Haribhakti & Co from auditing for 2 years
The Hindu
Action against Statutory Auditors of NBFC under section 45MAA of RBI Act, 1934
The Reserve Bank of India (RBI) has debarred Haribhakti & Co from auditing its regulated entities for two years. The RBI has exercised the powers vested under Section 45MAA of the Reserve Bank of India Act, 1934, for the first time to debar a firm.
The Reserve Bank of India (RBI) in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934, has, by an order dated September 23, 2021, debarred Haribhakti & Co. LLP, Chartered Accountants (ICAI Firm, from undertaking any type of audit assignment/s in any of the entities regulated by RBI for a period of two years with effect from April 1, 2022.
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