Facts of the Case

NFRA observed clerical and nomenclature-related inaccuracies in the description and certain paragraphs of its disciplinary orders issued against Chartered Accountants Akash Goel and Ayna Tamton.

To remove ambiguity and maintain accuracy of the record, NFRA issued an Errata correcting the company name from “Dewan Housing Finance Limited Corporation” and “Dewan Housing Finance Limited” to “Dewan Housing Finance Corporation Limited”.

Issues Involved

1.      Whether the company name mentioned in the disciplinary orders required correction.

2.      Whether the correction was necessary to maintain accuracy and consistency in the official record.

Petitioner’s Arguments

Not available in the Errata document.

Respondent’s Arguments

Not available in the Errata document.

Court Order / Findings

NFRA corrected the references appearing in the disciplinary orders and clarified that the correct name of the company is “Dewan Housing Finance Corporation Limited (DHFL)”.

Important Clarification

The Errata merely corrects the nomenclature of the company referred to in the orders and does not indicate any modification to the substantive findings, conclusions, directions, or penalties contained in the original disciplinary orders.

Sections Involved

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

Link to download the order -https://cdnbbsr.s3waas.gov.in/s3e2ad76f2326fbc6b56a45a56c59fafdb/uploads/2023/04/2023040398.pdf

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