Tag: misconduct
ICAI bans eight CAs due to professional misconduct ICAI has banned/Removed names of six chartered accountants from the Register of Members for their professional misconduct. These Chartered Accountants were held by Disciplinary Committee of ICAI guilty of Professional Misconduct and were removed from the Register of Members for …
ICAI bans a chartered accountant for doing audit in excess of prescribed numbers The Disciplinary Committee of the ICAI has held CA. Deepak Kedia (Membership No. 029842), BENGALURU, guilty of Professional Misconduct. Previously, the ICAI had taken action in terms of the provisions of Section 21B(3) of the …
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 …
Complainant using ICSI to recover alleged dues only a serious matter and need to be looked into when he settled the dispute without informing Institute ABCAUS Case Law Citation:ABCAUS 3266 (2020) (02) AA In the instant case, the Appellant was a practicing company secretary who had preferred an …
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 …
