Chauhan is the proprietor of audit firm Anil Chauhan & Associates and the Engagement Partner (EP) for the statutory audit of Seya Industries for financial years 2018-19 and 2019-20.
The ruling came after NFRA received information from Sebi in March 2023 about non-compliance with the accounting standards by the company, misreporting in the financial statements and non-cooperation by Anil Chauhan & Associates.
Thereafter, NFRA initiated an investigation into the professional conduct of statutory auditors of Seya Industries Ltd, Mumbai for 2018-19 and 2019-20 periods.
NFRA had asked Chauhan to provide the audit files and some other information related to the company. However, despite repeated reminders, he did not submit the requisite…