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A Forensic Audit, also known as Forensic Accounting, refers to the application of Accounting Methods for Detection and Gathering Evidence of Frauds, Embezzlement, or any other such White-Collar Crime. It is the application of Accounting Skills to Legal Questions. This particular workshop talks about the different steps involved in Forensic Auditing.
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Yes Bank Takes Possession of ADAG's Mumbai Headquarter
Private sector lender Yes bank Ltd has taken possession of Reliance Centre, the headquarter building of Anil Dhirubhai Ambani Group (ADAG) in Mumbai. In an advertisement published in Financial Express on Wednesday, the bank has informed that it has taken possession of the over 21,000 sq ft headquarter building in Santacruz (Mumbai) and also two floors in Nagin Mahal in South Mumbai, which was its erstwhile headquarters. The possession of the building took place as on 22 July under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFESI). Read More
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NCLAT Upholds Takeover Of Dighi Port By Adani Group
NCLAT has upheld the takeover of the debt-ridden Dighi Port by Adani Ports & Special Economic Zone (APSEZ) confirming the order of the Adjudicating Authority (NCLT) which had approved the resolution plan of APSEZ in March, 2020. The said order was impugned by the Director and promoter of Dighi Ports Mr. Vijay Kalantri who assailed the order on grounds that it did not take into his objections to the plan and its approval by the committee of creditors and failed to appreciate the merit of the settlement proposal submitted by his company Balaji Infra Projects Limited over the resolution plan of APSEZ. Read More
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SEBI Extends Relaxation in Procedural Norms for Open, Buyback Offers
"Based on representations received from the market participants, the validity of relaxations...is further extended and shall be applicable for open offers and buy-back through tender offers opening up to December 31, 2020," the Securities and Exchange Board of India (Sebi) said in a circular. Read More
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Plea against Insolvency Code Ordinance; HC Seeks Centre Stand
The Delhi High Court recently sought the Centre’s reply on a plea challenging the Insolvency and Bankruptcy Code (IBC) Ordinance which suspended proceedings against defaults arising on or after March 25 for six months in view of the COVID-19 pandemic. Read More
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Dabur's Promoters may soon become a Key Strategic Partner of Eveready Industries
FMCG major Dabur's promoters, the Burman family, may soon become a strategic partner of the BM Khaitan group controlled Eveready Industries India Ltd (EIIL), as part of an ongoing restructuring, sources said on Tuesday. The Burmans had already picked up 19.8-per cent stake in the dry cell battery major through market operations in the last 12-15 months. The last tranche of share purchase of 8.8 per cent took place recently through a block deal, they said. Read More
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Fund Crunch Delays Board-Commissioned Investigation into Book-Rigging Charges at CG Power
A board-commissioned investigation into fraud-hit CG Power and Industrial Solutions has been delayed by several months due to a severe fund crunch, officials said. Law firm Vaish Associates, along with Deloitte, was to have completed its report into allegations of fraudulent transactions in the company a few months ago for handing over to retired Supreme Court Justice CJ Thakkar, officials said. Read More
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Business intelligence (BI) represents the tools and systems that play a key role in the strategic planning process within a corporation. These BI systems allow a company to gather, store, access and analyze corporate data to aid in decision-making.
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