Actress and Punjab Kings co-owner Preity Zinta has moved a Chandigarh court against fellow co-owners Mohit Burman and Ness Wadia. The legal move reportedly stems from a dispute over a recent board meeting.
The Supreme Court upheld NFRA’s authority to probe financial auditor misconduct retrospectively, dismissing an appeal against NCLAT ruling. This affirms NFRA’s jurisdiction and regulatory oversight, impacting financial auditing in India. Legal experts’ opinions vary, highlighting the need for clarity in regulatory enforcement. NFRA imposed penalties on CAs, emphasizing compliance with auditing standards. The NCLAT ruling asserts NFRA’s retrospective jurisdiction and supremacy in auditing standards. The Supreme Court’s dismissal reinforces this decision.
