On Dec. 10, IND NSE issued circular re appointing concurrent auditors.
IND NSE issued circular requiring appointment of concurrent auditors for small and medium enterprises (SMEs) IPO allotment verification, detailing the requirements.
Overview of Requirements
Merchant bankers must appoint concurrent auditors from IND NSE empaneled list.
Concurrent auditors to verify compliance with reg 268(4) of Securities and exchange board of India (issue of capital and disclosure requirements) regulations, 2018.
In addition to adherence to allotment process, RTA allocation based on exchange system's random number generation, audit fees recoverable from issuing company.
