The Apex court has brought out its version of Frauds duoe to the changes in the Indian Accounting Standards. The court feels that Banks growth is vital for ensuring high growth. The country cannot afford another mega scam that exposed the gaping holes in the financial system. It suggests size based dispensation, in case of small businesses who should not be made to suffer due to losses. Here is an article on this.
Apex Court's Googled on Frauds
**Courtesy: Business Lines dt 6th April 2023
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