Must Read
CA Institute’s nine-member group to study issues at IL&FS
By IndianMandarins- 11 Oct 2018
399Naveen Gupta, President, CA Institute, has constituted a nine-member
High Power Group to study the systemic issues at debt-laden IL&FS Group. This
High-Power Group will have Shivaji B Zaware as its convenor, and comprise,
among others, two past presidents of the CA Institute – Ved Jain and Nilesh S
Vikamsey. It will also suggest remedial measures and improvement in the system. It
may be recalled that the CA Institute had last week shot off notices to the
statutory auditors of IL&FS Group on the heels of the government
superseding the board of the infrastructure company to bring in a new board. Following the ₹13,000-crore
Nirav Modi-scam at Punjab National Bank, the CA Institute had set up a High-Power
Group; Zaware was the convenor of that group, too.
CA Institute’s nine-member group to study issues at IL&FS
By IndianMandarins - 2018-10-11 10:23:17
Naveen Gupta, President, CA Institute, has constituted a nine-member
High Power Group to study the systemic issues at debt-laden IL&FS Group. This
High-Power Group will have Shivaji B Zaware as its convenor, and comprise,
among others, two past presidents of the CA Institute – Ved Jain and Nilesh S
Vikamsey.
It will also suggest remedial measures and improvement in the system. It may be recalled that the CA Institute had last week shot off notices to the statutory auditors of IL&FS Group on the heels of the government superseding the board of the infrastructure company to bring in a new board.
Following the ₹13,000-crore Nirav Modi-scam at Punjab National Bank, the CA Institute had set up a High-Power Group; Zaware was the convenor of that group, too.
