NFRA Imposes Rs 10 Crore Penalty on BSR & Associates, Debars Two Auditors in CCD Case

Last updated: 20 August 2024

The National Financial Reporting Authority (NFRA) has barred Aravind Maiya, former partner at BSR Co and current CEO of Embassy REIT, from practicing as an auditor for 10 years. Additionally, Maiya has been fined Rs 50 lakh. The NFRA also imposed a hefty Rs 10 crore penalty on BSR Co, an affiliate
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