Audit points

Jayanta Bandyopadhyay (303 Points)

22 October 2024  

We bought coffee gardens and obtained physical possession 6 years back. However, mutuation/title deed are yet to be regularised in our name

Registered office of the company is built on land occupied by one Founder Director

This is an unlisted public ltd company. On account of succession, based on court's order, shares were transferred to one son but pending stamp duty payment, it is not yet tranferred lawfully over 4 years

Every year. auditors highlight this. Nowadays, NFRA are penalising companies.

Is there any threat from regulator?