News for 'Audit Committee'

Satya Niketan collapse: Student bodies demand immediate safety audit

Satya Niketan collapse: Student bodies demand immediate safety audit

Rediff.com6 Sep 2026

A building collapse in Satya Niketan, near Delhi University, has prompted student and teacher organisations to demand a comprehensive safety audit of paying guest accommodations across the city. The incident has highlighted concerns over structural compliance, fire safety, illegal constructions, and inadequate living conditions for students.

Why audit committees need strengthening

Why audit committees need strengthening

Rediff.com23 Mar 2009

Audit is being questioned by investors. Subhiksha is an example. In the case of Siemens India, institutional investors questioned the valuation in a deal involving the sale of Siemens Information Systems to German parent Siemens AG. This shows the low level of investor confidence in the corporate governance system. The audit committee mechanisms need strengthening.

Kolkata hotel blaze: Govt orders safety audit of hotels, guest houses

Kolkata hotel blaze: Govt orders safety audit of hotels, guest houses

Rediff.com20 Aug 2026

A devastating fire in a central Kolkata building resulted in nine deaths, primarily due to asphyxia, and the rescue of around 80 people. West Bengal minister Kaushik Chowdhury highlighted the quick response of the Fire Brigade but raised concerns about safety norms, lack of windows, and the proliferation of cramped hotels within the building. An investigation committee will be formed, and fire audits will be conducted across all hotels in the state.

Audit committee heads may not get protection

Audit committee heads may not get protection

Rediff.com12 Jul 2010

Ministry of Corporate Affairs suggests overhaul of rules for independent directors.

Kolkata warehouse tragedy: Suvendu orders audit of all TMC-era projects

Kolkata warehouse tragedy: Suvendu orders audit of all TMC-era projects

Rediff.com26 Jun 2026

A committee constituted by the West Bengal government to carry out a special audit of sanctioned plans for high-rise residential and commercial buildings in and around the city will meet on Friday to begin the exercise, Chief Minister Suvendu Adhikari said.

NCW mandates annual POSH audits to strengthen women's workplace safety

NCW mandates annual POSH audits to strengthen women's workplace safety

Rediff.com19 Jun 2026

The National Commission for Women (NCW) has issued a comprehensive advisory to all states and Union Territories, recommending mandatory annual POSH audits and other measures to strengthen the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The advisory aims to ensure safe, inclusive, and gender-sensitive working environments for women across all sectors, emphasising institutional accountability, proper committee constitution, and robust awareness programmes.

Associate membership for Andaman & Nicobar, representative at ICC on agenda at BCCI AGM

Associate membership for Andaman & Nicobar, representative at ICC on agenda at BCCI AGM

Rediff.com4 days ago

The BCCI's 95th Annual General Meeting in Mumbai will address several crucial matters, including the grant of associate membership to the Cricket Association of Andaman and Nicobar Islands, the appointment of a BCCI representative to the ICC, and the induction of new members to the IPL Governing Council.

Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case

Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case

Rediff.com1 Aug 2026

The Securities and Exchange Board of India (Sebi) has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year, imposing a total penalty of Rs 1.48 crore, for the unauthorised pledge of ZEEL's Hyderabad land to secure loans for promoter-linked Essel Group entities.

NEET-PG row: High-powered panel to audit admission system, Centre tells SC

NEET-PG row: High-powered panel to audit admission system, Centre tells SC

Rediff.com4 Aug 2026

The Centre on Tuesday told the Supreme Court that it has constituted a high-powered committee headed by the director general of health services (DGHS) to formulate a mechanism for conducting a comprehensive audit of the existing system of admission through the NEET-PG examination.

Indian Golf Union Aligns With National Sports Governance Act

Indian Golf Union Aligns With National Sports Governance Act

Rediff.com8 Sep 2026

The Indian Golf Union (IGU) has approved significant amendments to its Memorandum of Association, including the addition of Sportspersons of Outstanding Merit, creation of a Dispute Resolution Committee, and modifications to its election process, all aimed at aligning with the National Sports Governance Act.

SC to consider issues linked to Delhi PG collapse on Thursday

SC to consider issues linked to Delhi PG collapse on Thursday

Rediff.com8 Sep 2026

The Supreme Court will consider issues related to the Satya Niketan building collapse, which killed seven students, and has called for a time-bound inspection and safety audit of PG accommodations and similar establishments across Delhi. The court noted the overlap with its ongoing pan-India monitoring of unauthorised constructions and safety violations.

Audit Flags Irregularities At Delhi Medical Council

Audit Flags Irregularities At Delhi Medical Council

Rediff.com15 May 2026

The Delhi government's Health Department has received an audit report highlighting alleged financial and administrative irregularities within the Delhi Medical Council (DMC) between 2019 and 2025.

Coforge Chairman O P Bhatt Resigns Amidst Board Evaluation Report Controversy

Coforge Chairman O P Bhatt Resigns Amidst Board Evaluation Report Controversy

Rediff.com9 Sep 2026

Coforge Chairman O P Bhatt has abruptly resigned from the IT firm after an internal audit raised concerns over the handling and presentation of a 'board evaluation report' to the board, with the company asserting the move will not impact its financial or operational performance.

HDFC Bank Board Imposes Rs 1 Lakh Penalty on MD, CFO in MSRDC Case

HDFC Bank Board Imposes Rs 1 Lakh Penalty on MD, CFO in MSRDC Case

Rediff.com27 Jul 2026

HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.

Jharkhand student leader breaks fast, announces phase 2 of stir

Jharkhand student leader breaks fast, announces phase 2 of stir

Rediff.com18 Aug 2026

JLKM leader Devendra Mahto, who ended his 16-day hunger strike after the Jharkhand government cancelled job exams over alleged irregularities, announced a second phase of protests for corruption-free recruitment by JPSC and JSSC, demanding government guarantees against future paper leaks and irregularities.

Tata Trusts Readies For Court Fight

Tata Trusts Readies For Court Fight

Rediff.com1 days ago

'It is unfortunate that the Chairman of Tata Sons, a Company renowned for setting high standards of corporate governance, is contending reappointment on such an untenable interpretation of the Articles'.

Public Sector Banks Face Boardroom Vacancies

Public Sector Banks Face Boardroom Vacancies

Rediff.com6 May 2026

In the draft norms issued last month, the RBI said that the ultimate responsibility for the bank's performance, conduct and control rests with the Board

Duleep Trophy: Vaibhav Sooryavanshi's Big Chance To Prove Red Ball Credentials

Duleep Trophy: Vaibhav Sooryavanshi's Big Chance To Prove Red Ball Credentials

Rediff.com22 Aug 2026

Vaibhav Sooryavanshi will get a golden chance to improve upon his none too impressive first class numbers when East Zone take on the severely inexperienced North East Zone in the quarter-final of the Duleep Trophy.

Rajesh Exports probed over Rs 15.15 trillion financial misstatement

Rajesh Exports probed over Rs 15.15 trillion financial misstatement

Rediff.com8 Jul 2026

The National Financial Reporting Authority (NFRA) has commenced an investigation into Rajesh Exports concerning a 15.15 trillion financial misstatement, following a referral from market regulator Sebi.

Maha govt canteens, official events get a healthy menu makeover

Maha govt canteens, official events get a healthy menu makeover

Rediff.com2 Sep 2026

The Maharashtra Public Health Department has issued a directive making healthy foods and beverages mandatory in all government canteens and official events. The order aims to reduce the consumption of ultra-processed foods and combat the rising incidence of non-communicable diseases by promoting a menu designed with ICMR-NIN and FSSAI guidelines.

Platini Launches Legal Action Against FIFA, Infantino Over 2015 Corruption Allegations

Platini Launches Legal Action Against FIFA, Infantino Over 2015 Corruption Allegations

Rediff.com9 Jun 2026

Former UEFA president Michel Platini has initiated civil and criminal legal proceedings in France against FIFA and its current president Gianni Infantino.

Bar Council chief faces resignation demand; rejects charges

Bar Council chief faces resignation demand; rejects charges

Rediff.com22 Aug 2026

YR Sadashiva Reddy, Co-Chairman of the Bar Council of India (BCI), has called for the immediate resignation of BCI Chairman Manan Kumar Mishra, citing alleged irregularities in appointments, diversion of Council funds, financial dealings with law colleges, and other governance issues. Mishra has dismissed the allegations as 'baseless'.

North Zone's Duleep Trophy selection sparks controversy, raises questions

North Zone's Duleep Trophy selection sparks controversy, raises questions

Rediff.com23 Aug 2026

North Zone coaches Ajay Sharma and Sarandeep Singh are under scrutiny for controversially dropping Sanat Sangwan, the Ranji Trophy's third-highest run-scorer, for the Duleep Trophy quarter-final against West Zone, opting instead for Yash Dhull, who had a significantly poorer Ranji season.

NFRA Probes Rajesh Exports Over Rs 15.5 Lakh Crore Revenue Discrepancies

NFRA Probes Rajesh Exports Over Rs 15.5 Lakh Crore Revenue Discrepancies

Rediff.com7 Jul 2026

The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.

NFRA Probes Rajesh Exports Over Rs 15.5 Lakh Crore Revenue Discrepancies

NFRA Probes Rajesh Exports Over Rs 15.5 Lakh Crore Revenue Discrepancies

Rediff.com7 Jul 2026

The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.

Parliamentary Panel Pushes for Swift India-US Bilateral Trade Agreement

Parliamentary Panel Pushes for Swift India-US Bilateral Trade Agreement

Rediff.com7 Aug 2026

A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.

Himachal Pradesh Police to Audit POSH Act Implementation

Himachal Pradesh Police to Audit POSH Act Implementation

Rediff.com2 Mar 2026

Himachal Pradesh DGP Ashok Tiwari has ordered a comprehensive audit of the POSH Act implementation across all police units in the state, focusing on the proper constitution and effective functioning of Internal Complaints Committees.

Jharkhand govt's move to cancel 44 recruitment exams sparks fresh protests

Jharkhand govt's move to cancel 44 recruitment exams sparks fresh protests

Rediff.com19 Aug 2026

The Jharkhand government has cancelled 44 recruitment examinations conducted by the state Public Service Commission (JPSC) and an outsourced agency since 2014, including the JSSC Combined Graduate Level (CGL) examination, following a 25-day student agitation over alleged irregularities. This decision has led to protests from around 2,000 candidates who had already been appointed to various state government departments after clearing the JSSC-CGL exam.

Why Yes Bank audit committee chief quit

Why Yes Bank audit committee chief quit

Rediff.com13 Jan 2020

Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.

5 Entities With 62% Voting Rights Behind Subhash Chandra's Rs 6.5 Cr Insolvency Plan Getting NCLT Nod

5 Entities With 62% Voting Rights Behind Subhash Chandra's Rs 6.5 Cr Insolvency Plan Getting NCLT Nod

Rediff.com30 Aug 2026

The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.

Ambulance to reach highway accident spot in 10 minutes, hospital in 1 hour

Ambulance to reach highway accident spot in 10 minutes, hospital in 1 hour

Rediff.com13 Aug 2026

The National Highways Authority of India (NHAI) has introduced stringent new policy guidelines, mandating ambulances deployed on national highways to reach accident sites within a 10-km radius in 10 minutes and transfer victims to the nearest hospital within one hour, with penalties for non-compliance.

3 newborns killed in Maha govt hospital fire, 36 rescued; probe ordered

3 newborns killed in Maha govt hospital fire, 36 rescued; probe ordered

Rediff.com24 Aug 2026

The incident, which occurred early Monday morning, was reportedly caused by a sparking ventilator.

Modi video removal: IT panel wants Zuckerberg to apologise

Modi video removal: IT panel wants Zuckerberg to apologise

Rediff.com3 Aug 2026

A parliamentary standing committee on Information Technology has demanded a personal apology from Meta CEO Mark Zuckerberg for the temporary removal of Prime Minister Narendra Modi's video from Facebook. The committee also discussed potential legal action and the withdrawal of safe harbour protection, while questioning Meta officials on algorithmic bias and accountability.

Maharashtra Government Embraces Indigenous AI For Digital Transformation

Maharashtra Government Embraces Indigenous AI For Digital Transformation

Rediff.com6 Aug 2026

The Maharashtra government has approved the deployment of sovereign artificial intelligence solutions from Sarvam AI for its departments, with a two-year outlay of Rs 11.26 crore. This initiative includes the Indus AI workspace for 2,500 users, ensuring government data remains within India, along with citizen outreach agents and speech models for the MahaAI platform.

How Bank Staff Exploit Depositors' Trust For Fraud

How Bank Staff Exploit Depositors' Trust For Fraud

Rediff.com12 Aug 2026

A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.

Bengal CJP volunteer's father dies after attack, 8 held; BJP role denied

Bengal CJP volunteer's father dies after attack, 8 held; BJP role denied

Rediff.com16 Aug 2026

The Cockroach Janta Party on Sunday demanded the immediate arrest of those responsible for the alleged assault that led to the death of Janab Mafik, the father of CJP volunteer Shaik Abdul Hafeez, in West Bengal.

Chembur tree collapse: Contractor fined, BMC to implement new SOPs

Chembur tree collapse: Contractor fined, BMC to implement new SOPs

Rediff.com14 Jul 2026

A committee investigating the fatal Chembur tree crash has recommended fines of Rs 5 lakh on the roadwork contractor and Rs 2 lakh on the supervising consultant. The panel found no prima facie fault with BMC's garden and roads departments but suggested implementing a Standard Operating Procedure for urban tree safety and appointing tree experts to oversee pruning work to prevent future incidents.

'No one will be spared': Adhikari blames ex-mayor Hakim for warehouse collapse

'No one will be spared': Adhikari blames ex-mayor Hakim for warehouse collapse

Rediff.com25 Jun 2026

West Bengal Chief Minister Suvendu Adhikari has alleged that the building plan for the collapsed Kolkata warehouse, which killed 10 people, was approved despite a faulty design and bears the signature of former mayor and TMC leader Firhad Hakim. Adhikari announced Rs 10 lakh compensation for the deceased's families and Rs 1 lakh for the injured, while also suspending all construction work in the Kolkata Metropolitan Area for four weeks for an audit of sanctioned plans.

Ram Temple Trust performs 'atonement' ritual after donation theft

Ram Temple Trust performs 'atonement' ritual after donation theft

Rediff.com17 Jul 2026

The Shri Ram Janmabhoomi Teerth Kshetra Trust is conducting a 10-day purification ritual, including the recitation of Vishnu Sahasranama Stotra, to 'atone' for a recent donation theft at the Ayodhya Ram Temple complex and 'seek forgiveness' from the Almighty.

Nirmohi Akhara moves SC seeking reconstitution of Ram temple trust

Nirmohi Akhara moves SC seeking reconstitution of Ram temple trust

Rediff.com19 Jul 2026

The Nirmohi Akhara has approached the Supreme Court, seeking a directive to the Centre to reconstitute the Shri Ram Janmabhoomi Theerth Kshetra Trust as a 'public trust' and include structural safeguards for oversight by seers, citing alleged large-scale embezzlement of donations.