Jensol Engineering, Financial statement of Blussmart Mubility ICAI, know – Cross Talk India
Chartered Accountants (CA) will review the financial statements of FY 2023-24 of ICAI, ICAI, ICAI, ICAI threatened Jansol Engineering Limited and Blussmart Moblity Private Limited. According to Charanjot Singh Nanda, president of ICAI (Indian Surprise Accountant Institute), the decision to review the financial statement of both companies was taken in the ICAI Financial Reporting Review Board (FRRB) meeting on Wednesday. Let us tell you that Jansol engineering is allegedly facing regulatory investigation for flaws in rigging and functioning of money.
FRRB reviews the financial statements of companies
The stock market regulator SEBI last week banned the company’s promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the security market for several rules and violations of the law. Charanjot Singh Nanda said in a conversation with PTI that FRRB has decided to review the report of Jansol Engineering and Blissmart Mubility for the financial year 2023-24 and the report of Statutory Auditor’s (Statutory Auditor’s). The FRRB reviews the financial statements of companies to assess the compliance of accounting standards, audit standards, Schedule two and three of the Company Act, 2013.
Promoters of the company accused of private use of loan money
In addition, FRRB assesses compliance with separate guidance notes and master circulars/directions on accounting and audit issued by the Reserve Bank of India. If serious accounting disturbances are found in the financial statement, then the case will be sent to the ICAI director deciplin and concerned regulators for a detailed investigation. Let us tell you that the promoters of Jansol are accused of private use of loans taken by their list company Jansol Engineering in public.
On April 21, the Ministry of Corporate Affairs said that they would take further action in the Jansol engineering case after investigating the order of market regulator SEBI against the company.
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