Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Whether disciplinary "other misconduct" under s.22 read with s.21 of the Chartered Accountants Act, 1949 warranted removal/suspension from membership. The disciplinary findings, accepted by the professional council after considering the member's representation, concluded that the member was guilty, and the reference remained uncontested due to absence of any reply. Applying the statutory power under s.21(6) (as applicable) and consistent with prior precedent emphasizing the profession's duty of integrity and ethical conduct as custodians of financial markets, the Court accepted the reference and directed suspension from membership for one year, with a restraint on rendering services as a chartered accountant during that period. - HC
Whether disciplinary "other misconduct" under s.22 read with s.21 of the Chartered Accountants Act, 1949 warranted removal/suspension from membership. The disciplinary findings, accepted by the professional council after considering the member's representation, concluded that the member was guilty, and the reference remained uncontested due to absence of any reply. Applying the statutory power under s.21(6) (as applicable) and consistent with prior precedent emphasizing the profession's duty of integrity and ethical conduct as custodians of financial markets, the Court accepted the reference and directed suspension from membership for one year, with a restraint on rendering services as a chartered accountant during that period. - HC
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