ICAI bans five CAs found guilty of Professional misconduct
The Disciplinary Committee of ICAI has found the following five chartered accountants guilty of Professional Misconduct in terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.
The period of removal of name of the members and punishment is as under:
| SL. No. | Name and Membership No. | Period of Removal | Fine imposed (Rs.) |
| 1. | CA. Hrushikesh Vinayak Deodhar (Membership No. 125625 |
2 Years | 50000/- |
| 2. | CA. Vishnu Kant Gupta Membership No. 405904 |
7 days | 10000/- |
| 3. | CA. Murali Manohar Lakhotia Membership No. 20870 |
1 Year | 25000/- |
| 4. | CA. Ketan Ramji Bhanderi Membership No. 125428 |
3 months | – |
| 5. | CA. Shamit Tridash Majmudar Membership No. 010595 |
3 Years | 100000/- |
Form 26 to replace Form 3CD of tax audit report from Tax Year 2026-27 Draft Form 26 has been issued…
When AO do not make any addition on the basis of the reasons on which the reopening was done, the…
Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…
Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…
Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…
Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…