Tag: ca misconduct
NFRA penalises Chartered Accountant for misrepresenting facts holding that misrepresenting facts in NFRA proceedings amounts to professional misconduct. In a recent judgment, National Financial Reporting Authority (NFRA) has penalised a CA holding that misrepresentation of facts during NFRA proceedings under section 132(4) of the Companies Act 2013 amounted …
ICAI debars five Chartered Accountants found guilty 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 …
NFRA imposed a penalty of Rs. 10 crores on CA firm in Cafe Coffee Day company Scam In a recent judgment, NFRA has imposed a heavy exemplary penalty of Rs. 10 crores on CA firm and Rs. 50 lakhs on engagement partner and ban for 10 years for misconduct …
High Court stays ban on Chartered Accountant for professional misconduct due to non appointment of Chairperson in Appellate Authority ICAI In a recent judgment, Hon’ble Delhi High Court stayed ICAI notification removing the name of a chartered accountant for alleged professional misconduct as the office of the Chairperson …
ICAI bans four Chartered Accountants for professional misconduct Notification No. PR/330/2019/DD/308/2019/DC/1501/2021 In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the …
ICAI competent to impose restriction on number of tax audits u/s 44AB per year – Supreme Court settles the pending controversy. In a recent judgment, the Hon’ble Supreme Court has upheld the competence of ICAI to impose a restriction on the maximum number of tax audits that could …
ICAI has banned Twelve Chartered Accountants being found of guilty of professional misconduct The Board of Discipline of ICAI has found seven CAs as guilty of professional misconduct under the provisions of Chartered Accountants Act, 1949 read with Chartered Accountants Regulations, 1988 . As per notification issued in …
NFRA imposes penalty of Rs. 4.50 crores on CA/Audit Firm for professional misconduct for not exercising due diligence In a recent order, the NFRA has imposed penalty of Rs. 4.50crores on CA/Audit Firm for professional misconduct for not exercising due diligence and not adhering to the requirements as …
ICAI bans six chartered Accountants for committing professional misconduct ICAI has removed name of six chartered Accountants from the register of members for committing professional misconduct Sl No. Particulars Period of removal Notification 1. CA. Sudhakar C (Membership No. 026064), No. F 2, First Floor, No. 16, Durgam …
ICAI bans two Chartered Accountants for Professional Misconduct CA details Punishment given Notification CA. Basudeb Mukhopadhyay (Membership No. 053104), 3A,Chowringhee Place, 2nd Floor, Room No. 86, Kolkata 700 013 Name removed from the Register of Members for a period of 04 (Four) years with effect from 16th June, …
