Tag: ca misconduct
CA upheld guilty of certifying fake balance sheet for obtaining loan-credit facility. No satisfactory working papers were found. Ban of one year and fine also upheld ABCAUS Case Law Citation: ABCAUS 2399 (2018) 07 AA As per the complaint of the CBI to the Institute of Chartered Accountants …
ICAI bans CA guilty of professional misconduct, removes name from the Register of Members for one year for non exercising due diligence/grossly negligent THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 15th June, 2018 (CHARTERED ACCOUNTANTS) No. PR-52/10-DD-72/10/DC/315/2014.—In …
Cost Accountant misconduct for claiming Bogus TA Bills. Appellate Authority stayed the punishment due to lack of enquiry and examination by the Disciplinary Committee The allegation against the guilty cost accountant was levelled by another cost accountant alleging defalcation of funds of Eastern India Regional Council (EIRC) of …
The disciplinary committee of IBBI debars a CA (hereinafter ‘IP’) from practicing as an Insolvency Professional. Earlier, vide an interim order dated 18th March, 2018, the disciplinary committee of the Insolvency and Bankruptcy Board of India (IBBI), had debarred a Chartered Accountant from practicing as an Insolvency Professional. Please note …
ICAI jurisdiction in disciplinary proceedings is confined to Show-Cause Notice. It can not ask response on applicability of Income Tax Act, FEMA, Benami Act, Prevention of Money Laundering Act, etc. ABCAUS Case Law Citation: ABCAUS 2254 (2018) (03) HC The Serious Fraud Investigation Office (SFIO) lodged a complaint …
Order passed by four member Appellate Authority against CA was valid. Under doctrine of necessity recusal of one member not affect hearing and decision-High Court ABCAUS Case Law Citation: ABCAUS 2246 (2018) (03) HC The Petitioner chartered accountant (CA) challenged before the Hon’ble High Court the order passed …
ICAI bans Delhi based CA for 1 year for misconduct of connivance in anti-dated stock invests & irregular share allotment which was upheld by the Delhi High Court The ICAI has notified the removal of the CA found guilty of other misconduct from the Register of Members for a period …
ICAI bans Ahmedabad based CA for 2 years for misconduct of gross negligence in performing his professional duties which was upheld by the Gujarat High Court The ICAI has notified the removal of the CA found guilty of misconduct from the Register of Members for a period of …
CA alleged as master mind of issuing bogus bills gets relief from Appellate Authority. ICAI had held Mumbai based CA guilty of Other misconduct on the complaint of Income Tax Authorities ABCAUS Case Law Citation: ABCAUS 2225 (2018) (02) CA-AA The appellant Chartered Accountant (CA) had challenged the …
ICAI removes name of Hyderabad CA for three months for issuing wrong turnover certificate for participating in tender. Appellate Authority upheld the punishment ABCAUS Case Law Citation: ABCAUS 2224 (2018) (02) CA-AA The appellant CA had challenged the decision of the Disciplinary Committee of the IVAI in holding …
