Companies Act, for
misuse and fraudulent abuse of the structure of audit committee. The relevant
allegations read as under:
297. During ... Goyal and
Anil S. Supanekar were the members of the Audit Committee of
BPSL. Investigation established that Anil S Supanekar resigned from
the above committee
pointed out that the two applicants herein were members of the audit
committee. They were included in the audit committee as members, as
they possess ... with statutory auditors before the audit commences, about the
nature and scope of audit as well as postaudit discussion to ascertain any
area
desired that the land
requirement should be scrutinized by the Land Audit
Committee and after ensuring that it was consistent with
the Zoning Regulations ... from
BWSSB.
DECISION OF THE COMMITTEE:
Noting the observations of the Screening
Committee, the Committee decided to
recommend the project for approval and
desired that
desired that the land
requirement should be scrutinized by the Land Audit
Committee and after ensuring that it was consistent with
the Zoning Regulations ... from
BWSSB.
DECISION OF THE COMMITTEE:
Noting the observations of the Screening
Committee, the Committee decided to
recommend the project for approval and
desired that
desired that the land
requirement should be scrutinized by the Land Audit
Committee and after ensuring that it was consistent with
the Zoning Regulations ... from
BWSSB.
DECISION OF THE COMMITTEE:
Noting the observations of the Screening
Committee, the Committee decided to
recommend the project for approval and
desired that
calculations
appearing in the Financials, when the Internal Audit,
Statutory Audit and the Audit Committee of the Board
are supposed to have deliberated on these ... party
transactions;
vii Modified opinions(s) in the draft
audit report;
The members of audit committee after due
deliberations recommended draft
Standalone with consolidated balance
done by AISL.
viii. On 28.01.2006, the Land Audit Committee granted
approval of 1034 acres of land for acquisition.
ix. On 15.02.2006, Karnataka Udyog Mitra ... grant of
land is also approved by the Land Audit Committee in its
23
meeting on 28.01.2006.
Objections of land owners duly considered
vi. Upon
Petitioner is that the Petitioner having been a member of the
audit committee of Shilpi Cable did not alert authorities to the company ... company from
2013-17 and was a member of the audit committee from 2011-17. In
addition, it is argued that the Petitioner was also
company. He was also appointed
as a Chairman of the Audit Committee of the respondent
No.2/company till 11.11.2019. Further, he was a Member ... company
as its Director, as a Member of its Audit Committee and
Transaction Committee are aspects that highlight the conflict for
interest of appointment
wife Geeta
Manoharlal Saraf was the Chairman of the Audit Committee of
the Company for the FY 2012-13 and 2013-14 and that ... Page 15 of 58
attended all the meetings of the Audit Committee held during
FY 2012-13 and 2013-14.
APPEAL
