Tuesday, 16 July 2019
Auditors of crisis-hit DHFL have sought more information from the company's management, according to sources. On July 13, the housing finance company reported a loss of Rs 2,224 crore for the quarter ended March 31. The firm had a profit of Rs 134.35 crore in the year-ago period.
The sources said auditors have sought additional information on the company's financials under Section 143 of the Companies Act, 2013.Section 143 pertains to powers and duties of auditors and auditing standards.