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Satyam case: SC restores Sebi's power to restrain erring auditing firms

The Supreme Court on Monday stayed a direction in the order of Securities Appellate Tribunal (SAT), which stopped market watchdog Sebi, from barring the auditors from auditing listed companies. In January 2018, the Securities and Exchange Board of India slapped a two-year ban on Pricewaterhouse (PwC), an arm of PricewaterhouseCoopers India, from auditing any listed company for its role in the Rs 7,800 crore Satyam scam. The SAT, however, quashed the two-year ban.

Satyam scam: SAT quashes Sebi order of banning PwC for two years from auditing

The Securities and Appellate Tribunal (SAT) on Monday quashed an earlier order of Securities and Exchange Board of India (SEBI) to ban Price Waterhouse, an affiliate firm of PwC India, from auditing listed companies for two years due to its role in Satyam fraud about a decade back.

MCA seeks explanation from 42 companies on auditors' resignation: Reports

2018 has seen a spate of abrupt auditor resignations in India Inc which has spooked the markets and raised questions on corporate governance. ET NOW's Vijay Iyer learns from his sources that the Ministry of Corporate Affairs(MCA) has kick started it's probe on 42 entities which are under the lens. MCA begins probe in firms where auditors had resigned mid way. Western region ROC submits list of 42 cos under lens. Listen in for more details

Watch: Price Waterhouse gets 2-year ban in Satyam case

India's capital market regulator has banned global auditing firm Price Waterhouse (PW) from auditing listed companies in India for two years for its alleged role of collusion with the directors and employees of erstwhile Satyam Computer ServicesBSE 0.00 %, in perpetrating the country's biggest corporate accounting scandal.

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