Audit Committee

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Audit Committee - Total results - 10
Infosys pays Rs 6 lakh in compounding fees to settle ex-CFO Rajiv Bansal's severance payment row
Business

Infosys pays Rs 6 lakh in compounding fees to settle ex-CFO Rajiv Bansal's severance payment row

Infosys had agreed to pay Bansal a severance amount of Rs 17.38 crore or 24 months of salary, but the company suspended payments after he got Rs 5 crore as co-founder NR Narayana Murthy and others objected to the package as excessive

Infosys row: When racism, sexism raises head in corporate boards, it is time SEBI intervenes
Business

Infosys row: When racism, sexism raises head in corporate boards, it is time SEBI intervenes

The Infosys case, irrespective of what its actual and final findings are, should be a good eye-opener for SEBI

Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro
Business

Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro

Infosys, once the poster boy of corporate governance in India, is for the second time in two years at the receiving end after whistleblowers alleged fudging of numbers

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves
Business

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves

The US SEC is taking up cudgels for American investors. It is in the fitness of things that SEBI should bat for the Indian investors in Infosys

DHFL auditors seek more information on financials from firm's management
Business

DHFL auditors seek more information on financials from firm's management

Deloitte Haskins and Chaturvedi & Shah are the auditors of the company.

IL&FS fraud case: Whistle-blower sought to uncover scam in 2017, but management covered it up
Business

IL&FS fraud case: Whistle-blower sought to uncover scam in 2017, but management covered it up

The scam at IL&FS came to light last year after several group entities defaulted on repayments due to severe liquidity problems.

Aircel-Maxis case: Ashok Chawla steps down as non-executive chairman of Yes Bank
Business

Aircel-Maxis case: Ashok Chawla steps down as non-executive chairman of Yes Bank

Ashok Chawla offered to quit as controversy was being generated on his continuance on the Board of Directors following his name appearing in a Central Bureau of Investigation (CBI) chargesheet in the Aircel-Maxis case.

IL&FS crisis: Govt appointed board hints at corruption by past management; to conduct special audit of key group of cos
Business

IL&FS crisis: Govt appointed board hints at corruption by past management; to conduct special audit of key group of cos

The new IL&FS board pegged the total debt of the group by over Rs 3,000 crore at Rs 94,215.6 crore as of 8 October

ICICI Bank audit committee probing irregularities into 31 NPA accounts hires law firm
Business

ICICI Bank audit committee probing irregularities into 31 NPA accounts hires law firm

ICICI Bank said in June that it had received an anonymous complaint which alleged irregularities with respect to 31 borrower accounts, leading to incorrect asset classification.