Tag: ca misconduct
ICAI Council had no record of oral discussions in forming prima facie opinion of misconduct against CA. However, Petition of CAs rejected on legal ground of res judicata. ABCAUS Case Law Citation: ABCAUS 2094 (2017) (10) HC Brief Facts of the Case: The petitioners were chartered accountants …
CA made co-accused for preparing false projected financials for bank loan, High Court declines to interfere in criminal prosecution though CA was absolved by Disciplinary committee of ICAI ABCAUS Case Law Citation: ABCAUS 2058 (2017) (09) HC The Issue: Whether the exoneration of the Chartered Accountant (CA) …
ICAI removed name of five CAs from Register of Members for professional/other misconduct. Institute of Chartered Accountants of India (ICAI) has removed the name of five chartered accountants from the Register of Members on them having been found guilty of Professional Misconduct. as under: City Relevant section …
ICAI notifies removal of CA name from members register for 8 years. Delhi based CA was held guilty of misconduct by Council and Delhi High Court THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up under an Act of Parliament) NOTIFICATION New Delhi, the 10th July, 2017 (CHARTERED …
SC directs ICAI to provide complainant’s statement to CA for alleged misconduct. High Court to interpret Regulation 16 of the CA Regulations 1988. ABCAUS Case Law Citation: ABCAUS 2006 (2017) (07) HC/SC Brief Facts of the Case: Disciplinary proceedings on the alleged charges of misconduct were initiated …
Disciplinary proceedings against CA for wrong certificate with manipulated figures quashed by Supreme Court. No material was on record to establish charges ABCAUS Case Law Citation: ABCAUS 2000 (2017) (07) SC Brief Facts of the Case: ICAI took disciplinary action against a chartered accountant for issuing certificates for …
Four weeks time frame for disposal of CA misconduct complaint unrealistic – ICAI In a recent case, the ICAI, while opposing a writ petition seeking directions to to complete the inquiry within four weeks pleaded that there is only one Director (Discipline) in the Institute and several thousands of complaints …
Advertisement of coaching-teaching activities by CA in practice amounts to indirect solicitation amounting to misconduct liable for disciplinary action-ICAI ICAI ANNOUNCEMENT Re: Advertising by members in practice engaged in Coaching/Teaching activities Regulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not …
CA held guilty of misconduct for forging income tax challan and recovering higher amount from clients. Allahabad High Court enhanced the removal of name to 5 years against 2 years as proposed by ICAI In a recent judgment, Hon’ble Allahabad High Court has directed removal of CA …
Misconduct by CA who surrendered COP-Supreme Court dismisses ICAI appeal. Practicing CA holding COP would be liable for punishment if misconduct is proved. ABCAUS Case Law Citation: ABCAUS 1147 (2017) (02) SC Brief Facts of the Case: The Hon’ble Madhya Pradesh High Court in 2007 had held that …
