Articles by Kotte Murali Krishna
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Addressing the Lapses in Section 186(2) of the Companies Act, 2013
Kotte Murali Krishna 04 March 2025 at 08:33I want to discuss a crucial issue that has been significantly contributing to the rise of defaulted companies, particularly among listed companies. This issue stems from certain lapses in Section 186(2) of the Companies Act, 2013, which governs loans and investments made by companies.
Comments On Publication Of Annual Transparency Reports By Auditor/Audit Firms
Kotte Murali Krishna 24 January 2023 at 12:13DHFL has diverted Rs 34,615Cr borrowed from banks. The CBI has alleged that DHFL‘s promoters formed 87 shall companies, created more than 2,60,000 "Fictitious borrowers' and set up "Virtual Branch "to divert money borrowed from banks".
Bank audit of working capital loan limits
Kotte Murali Krishna 25 March 2022 at 14:17The SBA should verify the details of stock statement dated 31st March of 2021 submitted to the bank and the values of drawing power claimed therein with the values reported in audited balance sheet of 31-03-2021
Comments on NFRAs Consultation Paper On Statutory Audit And Auditing Standards for MSMCs
Kotte Murali Krishna 09 October 2021 at 09:45In case, NFRA takes any drastic decision to exempt the need for statutory audit of MSME companies for any reason, the size of frauds would go up and the Indian economy will be in the doldrums.
Identification and Calculation of Funds Diversion for Bank Audit
Kotte Murali Krishna 01 April 2021 at 09:57Whenever an Auditor finds any new investments of either long term or short term of unrelated assets on the face of company Balance Sheet during audit, there is a need to verify and confirm the source for the investment.
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