ICAI bans four chartered accountants for professional misconduct
ICAI has banned four chartered accountants for committing professional misconduct.
The summary of the decisions taken by the the Disciplinary Committee 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, are as under:
| Name & Address of CA | Period of removal |
| CA. Saikat Datta, Agartala  | Three months with effect from 4th February, 2022 |
| CA. Ramachandran K K, Ernakulam | One month with effect from 4th February, 2022 |
| CA. N Basker, Maravaneri | One month with effect from 4th February, 2022 |
| CA. Anand Mallikarjun Ukamanal, Vijayapura | Two years with effect from 4th February, 2022 |
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- HC declined to allow voluminous documents physically in Faceless Assessment
- Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information
- Mutual Funds to value physical Gold and Silver by using the polled spot prices
- SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor
- Merely because sales were declared for only one month, same cannot be treated as bogus
