The Disciplinary Committee of ICAI has banned two chartered accountants of Delhi on charges of professional misconduct.
In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee of ICAI has banned two chartered accountants.
| Name and Address | Offence | Punishment |
| CA. Praveen Murarka (Membership No. 513907), Office No 102, 82-83, Main Vikas Marg, Above Titan Eye Showroom, Laxmi Nagar, Delhi 110092 | Bringing disrepute to the profession or the Institute as a result of his action whether or not related to his professional work and for not exercising due diligence, or is grossly negligent in the conduct of his professional duties | Name removed from the Register of Members for a consolidated period of 09 months with effect from 17th April, 2025 |
| CA. Subhash Chander Sharma (Membership No. 083982), 304, Delhi Chamber, 3453, Delhi Gate, New Delhi 110002 | Item (7) of Part I of Second Schedule and Item (2) of Part IV of First Schedule | Name removed from the Register of Members for a period of one month |
Download ICAI Notification Click Here >>
- PCIT has revisionary jurisdiction u/s 263 over the cases passed by the NFAC or the JAO
- Appellate court interfering with MACT finding must undertake reappreciation of evidence
- When delay is not huge & involves huge monetary liability, lenient approach to be taken
- EoGM of company can not ratify diversion of fund raised by preferential issue – SC
- Return of export cargo from Hormuz Strait where vessel do not lands at original port
