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NCLAT orders removal of statutory auditor for issuing fake audit certificate of company

January 7, 2019[2019] 101 98 (NCLT - Mum.)

CL: Where family members of statutory auditor were shareholders of respondent company and statutory auditor had issued audit certificate without examining books of account of company, provisions of section 143(3)(d) had been violated and statutory auditor would cease to function as statutory auditor of respondent company

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