NFRA Powers Explained: Can Your Firm Really Be Debarred for 10 Years?
NFRA powers under Section 132 of the Companies Act, 2013: debarment up to 10 years, penalties (Rs. 1L/5x fees individuals; Rs. 10L/10x fees firms), civil-court powers, who falls under NFRA jurisdiction, and what every audit professional must do now.