new delhi the tussle in the ptc india financial services pfs board where three directors resigned earlier this month has got uglier with both sides trading chargesthree directors jayant purushottam gokhale founder of gokhale sathe d s saksena a retired income tax officer and sushma nath former union finance secretary had resigned from the board gokhale and saksena had levelled serious charges against the management including weak corporate governance which have been denied by the company in exchange filingsnonbanking finance company pfs which was under regulatory scrutiny after some independent directors resigned earlier this year said that the appointment of the new board members was temporary something that nath has pointed to in her resignation letter where she also noted that her age did not permit her to continue any longer in his resignation letter gokhale has raised questions over the controversy surrounding the appointment of the forensic auditor cooperation with the forensic auditor and its finding besides he has raised questions over the finalisation of accounts short notice for board meetings and risk management practices among other issuesthe company states that the allegations levelled in the resignation letter are false misleading frivolous and fabricated as detailed hereinafter admittedly gokhale on more than one occasion mentioned that he was new to this business and he needed to have better understanding of the same pfs said in a filing adding that it had informed sebi twice about the erstwhile directors unprofessional conductit has accused gokhale of unilaterally finalising the forensic auditor without involving another director and directed the firm to keep the terms of appointment as confidential it has also responded to other allegations raised by the two directors