Tag: ca misconduct
ICAI removes name of five CAs for Professional Misconduct from Members’ Register from one month to 4 1/2 years THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 25th September, 2020 (CHARTERED ACCOUNTANTS) No. PR/303/13/DD/293/13/DC/510/16.—In terms of the provisions of Section 21B(3) of the Chartered Accountants …
IBBI bans Insolvency Professional for three months for appointing unregistered valuer ABACUS Case Law CitationABCAUS 3372 (2020) (08) IBBI In a recent case, Disciplinary Committee of IBBI has banned an Insolvency Professional for a period of three months for appointing unregistered valuer Under regulation 27 of the corporate …
NFRA imposes penalty of Rs. 25 lakhs and debars CA for 7 years for professional misconduct in statutory audit of ILFS Financial Services Ltd ABCAUS Case Law Citation:ABCAUS 3338 (2020) (07) NFRA The National Financial Reporting Authority (NFRA / Authority) helds CA guilty of professional misconduct for performance …
Board Resolution authorising Legal Counsel to file complaint against CA misconduct can be taken on record even at appellate stage if it existed before filing complaint ABCAUS Case Law Citation:ABCAUS 3243 (2020) (02) AA Important case law relied upon by the parties:Uday Shankar Triyar v. Ram Kalewar Prasad …
ICAI removes name of three Chartered Accountants for Professional Misconduct, imposes fine also THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament) NOTIFICATION New Delhi, the 20th December, 2019 (CHARTERED ACCOUNTANTS) No. PPR/20/C/13/DD/19/C/INF/13/DC/508/2016.—In terms of the provisions of Section 21B(3) of the Chartered Accountants …
Company filing complaints/petitions against various CAs in organised manner fined with Rs. One lakhs to discourage making litigation a business. ABCAUS Case Law Citation:ABCAUS 3135 (2019) (09) HC In the instant case, the petitioner was a private limited company. The petitioner had filed the petition, inter alia, impugning …
There is no requirement to obtain NOC from previous auditor. Dissuading other CAs from taking up audit not object of CA Act 1949- HC ABCAUS Case Law Citation:ABCAUS 3134 (2019) (09) HC The petitioner, a chartered accountants firm had filed a petition impugning the order passed by the …
CA held guilty of misconduct being engaged in business as director. Difference between director simplicitor and director involved in business activities of company ABCAUS Case Law Citation: ABCAUS 3003 (2019) (06) AA An appeal had been filed by the Appellant Chartered Accountant before the Appellate Authority (AA) against …
Appellate Authority reduced the period of name removal by one year of CA found guilty of misconduct considering age and fine ABCAUS Case Law Citation:ABCAUS 2909 (2019) (05) AA Disciplinary Committee of ICAI, in terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read …
ICAI bans a Chartered Accountant for one year from practice being found guilty of professional misconduct of lack of due diligence/ discharge of duties as auditor THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up under an Act of Parliament) NOTIFICATION New Delhi, the 3rd April, 2019 (CHARTERED …
