society and shall be
responsible for their safe custody, and the
internal auditor shall check the daily
accounts."
5 CC.NO.8331/2001
physical stocks he found that there were differences, so he
called internal auditors and directed them to conduct audit and it
was found there ... book stocks. The stocks worth several Lakhs were missing
and internal auditor was immediately called to do complete
8 CC.NO.12799/2008
verification
year 2017-18, the auditors of RFL
also raised concerns about the CLB portfolio. In the said report, the
auditors also identified certain material weaknesses ... which are as
under:
―a.) The Company's internal financial control system over
financial reporting is not operating effectively in respect of
Corporate Loan
year 2017-18, the auditors of
RFL also raised concerns about the CLB portfolio. In the said
report, the auditors also identified certain material weaknesses ... which are as under:
―a.) The Company's internal financial control system over
financial reporting is not operating effectively in respect of
Corporate Loan
year 2017-18, the auditors of RFL
also raised concerns about the CLB portfolio. In the said report, the
auditors also identified certain material weaknesses ... which are as
under:
―a.) The Company's internal financial control system over
financial reporting is not operating effectively in respect of
Corporate Loan
year 2017-18, the auditors of RFL
also raised concerns about the CLB portfolio. In the said report, the
auditors also identified certain material weaknesses ... which are as
under:
―a.) The Company's internal financial control system over financial
reporting is not operating effectively in respect of Corporate Loan
taken into consideration with all transparency, independent
scrutiny and audit by the auditors. Learned senior counsel submits that
2 of 18
::: Downloaded ... from the concerned branch of the bank. Learned
counsel also submits that internal audits and a stock audit were also
conducted through independent professionals
allowed the discounting of these 44 bills when the Concurrent
Auditor of the Bank had already adversely commented in respect of
Discounting of Bills ... drawn on M/s. Arvee International PTE Ltd., 10,
Anson Road, Singapore 0207 and the Bill NO. 069369 for
42,167,06 purchased
time was holding the position
as Director in M/s. Chem Edge International Pvt. Ltd.; and on
the basis of the written complaint dated ... said FIR it is clearly stated that M/s. Chem Edge International
Pvt. Ltd was sanctioned credit limits of Rs.316.34 crores by
consortium
time was holding the position
as Director in M/s. Chem Edge International Pvt. Ltd.; and on
the basis of the written complaint dated ... said FIR it is clearly stated that M/s. Chem Edge International
Pvt. Ltd was sanctioned credit limits of Rs.316.34 crores by
consortium
