ORDER

1. This petition is filed under Section 140(5) of the Companies Act, 2013 by the Union of India, Ministry of Corporate Affairs through Registrar of Company, Pune against the Respondent No.1, Mr. Dattatray Maruti Khune seeking following reliefs:

a) Direct that the Respondent No.1 shall immediately cease to function as statutory auditor of Respondent No.2 Company.

b) Direct that the Respondent No.1 and his proprietorship firm shall not be eligible to be appointed as an auditor of any company for a period of 5 years from the date of passing of order, in terms of second proviso to Section 140(5) of the Companies Act, 2013, read with Explanation I thereto.

c) Pass any other order(s) as deemed fit and proper under the circumstances by the Hon’ble Tribunal.

2. Brief Facts

2.1. That, Mr. Dattatray Maruti Khune i.e. Respondent No.1 is a Chartered Accountant in terms of Section 2(1)(b) of the The Chartered Accountants Act, 1949 and the Proprietor of D.M. Khune & Co., & was appointed as the Statutory Auditor of M/s Networth Agrotech India Limited (Respondent No. 2), a public limited company incorporated on 01.06.2011 under the Companies Act, 1956 and having registered office at Pune. The Resp