Facts of the Case

The National Financial Reporting Authority issued an Errata on 29.04.2024 concerning NFRA Order No. 012/2024 dated 26.04.2024 in the matter of:

  1. M/s Dhiraj & Dheeraj (Firm Registration No. 102454W)
  2. CA Piyush Patni (ICAI Membership No. 143869)
  3. CA Pawan Kumar Gupta (ICAI Membership No. 051713)

Upon review of the issued order, NFRA identified an inadvertent error relating to the date of resignation mentioned in paragraph 1 of the order.

 

Issues Involved

Whether the date of resignation recorded in paragraph 1 of NFRA Order No. 012/2024 required correction due to a clerical or typographical error.

 

Petitioner’s Arguments

The Errata document does not record any specific submissions or arguments made by the concerned Chartered Accountants or the audit firm.

 

Respondent’s Arguments

The Errata document does not contain any separate arguments on behalf of NFRA. It merely records the correction made after issuance of the original order.

 

Court / Authority Findings

NFRA observed that the date of resignation appearing in the eighth line of paragraph 1 of NFRA Order No. 012/2024 was incorrectly mentioned as:

“11.06.2029”

The Authority clarified that the correct date should be:

“11.06.2019”

Accordingly, the order stood corrected to reflect the accurate date.

 

Final Order / Direction

NFRA issued an Errata correcting the resignation date in paragraph 1 of NFRA Order No. 012/2024 from 11.06.2029 to 11.06.2019.

No other modification to the original order was indicated in the Errata.

 

Important Clarification

This document is only an Errata and does not alter the substantive findings, conclusions, liabilities, or directions contained in NFRA Order No. 012/2024.

The correction is limited to rectification of the resignation date recorded in the original order.

 

Statutory Provisions Involved

  • Section 132(4) of the Companies Act, 2013
  • Rule 11(6) of the National Financial Reporting Authority Rules, 2018


Link to download the order - https://cdnbbsr.s3waas.gov.in/s3e2ad76f2326fbc6b56a45a56c59fafdb/uploads/2024/04/20240430608665156.pdf

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