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Jurisdiction - suo moto power of Institute of Chartered...

Court Affirms ICAI's Authority to Start Disciplinary Actions Based on March 2018 Letter; Section 21 Cited.

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Indian Laws December 20, 2022 Case Laws HC
Jurisdiction - suo moto power of Institute of Chartered Accountants of India (Institute) to initiate disciplinary proceedings against its members - It was the material recorded and encompassed in the letter of 13 March 2018 which would constitute the foundation for testing the argument of the petitioner whether there was “information” which merited further enquiry - the Court is of the firm opinion that the Institute did have the requisite information as contemplated by Section 21 and which justified the initiation of the enquiry against the petitioners in the facts of the present case. - HC

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Acts Income Tax