homefinance NewsSebi, MCA probing PWC's resignation as auditor of Reliance Capital, Reliance Home Finance

Sebi, MCA probing PWC's resignation as auditor of Reliance Capital, Reliance Home Finance

Sebi, MCA probing PWC's resignation as auditor of Reliance Capital, Reliance Home Finance
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By PTI Jun 14, 2019 6:53:56 AM IST (Published)

The development assumes significance in the wake of the auditors' role coming under the scanner of multiple agencies in cases involving various corporate houses, including listed companies.

Regulator Sebi and the Ministry of Corporate Affairs are looking into the sudden resignation of PWC as auditor of Reliance Capital and Reliance Home Finance and have asked the stock exchanges to collect all necessary information including trade details and statements made by the three entities.

The development assumes significance in the wake of the auditors' role coming under the scanner of multiple agencies in cases involving various corporate houses, including listed companies.
The regulator, the ministry and the exchanges may also seek additional details from the auditor and two companies, if required, said senior officials.
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