CA penalised for Not Complying with Auditor Resignation Rules as per Companies Act
16 June 2025Nidhi
CA penalised for Not Complying with Auditor Resignation Rules as per Companies Act
The Ministry of Corporate Affairs (MCA) has recently taken action against a Chartered Accountant for violating the provisions of Section 140(2) of the Companies Act, 2013. Shri Vijay Bora, the Chartered Accountant and auditor in M/s Doogar & Associates, received an adjudication notice for not following the proper rules for resignation under section 140(2) of the Companies Act, 2013. He filed an appeal against the penalty under Section 454(5) of the Companies Act.