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Auditor Registration in vadapalani - Filingpoint


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The Filingpoint latest Auditor Resignation in Vadapalani is a major blow to the Adani Group and it could deter institutional investors from investing in its companies. The resignation by Deloitte is a follow-up to concerns raised by US short-seller Hindenburg over certain transactions at Adani Ports and the company's use of tax havens.

Amid the continuing pressure from regulators around corporate governance standards many audit firms are paring through their client portfolio and weeding out risky clients. In the past few days we have seen a number of auditors, independent directors and company secretaries resigning from companies. The trend is likely to continue as firms look to be extra cautious.

The company did not comment on the reason behind the change in auditors, but a source told Reuters that Deloitte had cited a difference of opinion with the management of the company over some transactions. The move also comes ahead of the Securities and Exchange Board of India's (SEBI) probe into allegations made by US short-seller Hindenburg Research about shady transactions at the Indian ports giant.

Contact Filingpoint Auditor Registration in Vadapalani +91 72999 72500

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