Question
NFRA (National Financial Reporting Authority) has the
power to debar an individual auditor or firm registered with the ICAI for up to ________, in case of professional or any other misconduct.Solution
The National Financial Reporting Authority (NFRA) is empowered to investigate cases of professional or other misconduct by members of the ICAI, including both individual Chartered Accountants and CA firms. • NFRA can impose monetary penalties: o For an individual auditor: ₹1 lakh to 5 times the audit fee. o For a firm: ₹10 lakh to 10 times the audit fee. • In addition, NFRA has the authority to debar or suspend an auditor or firm for a period ranging from 6 months to 10 years, depending on the severity of the misconduct. • Any NFRA order requires approval from the Ministry of Corporate Affairs (MCA) and further confirmation by the National Company Law Tribunal (NCLT). Appeals can be made to the NCLAT. Thus, the maximum period of debarment under NFRA’s powers is 10 years.
Which collective noun can fill in the following sentence?
The _______ of ants diligently worked together to build their nest.
Not only the competitors but also the jury ____ impressed by the performance.
Back in the twentieth century there was a British punk rock song that repeated over and over again the claim that there were "no more heroes anymore". ...
I. The pace and the discipline with which the parties announced the coalition ___________ that they are serious about forming a stable government.
...Fill in the blanks with appropriate words/phrases from the options.
The government said the expansion of the vaccination drive to ____________ al...
The hostages had been confined for so long that they couldn't _____ with the outside world.
He felt _____________ than he had for a long time.
A sudden demand for tamarind seeds ________ in the market.
Fill in the blank with the most appropriate word.
He seems to have no ______ of keeping his promise.
Fill in the blank with the most appropriate phrase.
He needed to __________ his plan and everything would be fine.
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