Comments
BSR & Associates, which has resigned as the auditors of IL&FS Financial Services (IFIN), said it has also filed replies to the petitions and applications filed by the Ministry of Corporate Affairs with the National Company Law Tribunal.
“We will continue defending ourselves vigorously. As the matter is sub-judice, we are unable to provide any further comments at this time,” it said in a statement on Thursday.
The company had, on June 19, resigned as the auditors of IFIN. Previously, on May 13, it had received a notice from the board of directors of IFIN, seeking an explanation on its removal as auditors.
“We had filed our written response to this notice on May 24, and provided explanations during a meeting held with IFIN on May 29,” BSR & Associates said, adding that while IFIN has not communicated its decision, it does not intend to impose itself as the auditors of the company.
“Our resignation will allow the company to appoint another auditor so that the work on the audit for FY2019 may progress. We believe we have discharged our duties in good faith and have acted in a bona fide manner, and we will continue defending ourselves,” it said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.