https://www.taxtmi.com/caselaws?id=331441 A Chartered Accountant is subject to disciplinary action only where the impugned conduct is connected with his professional capacity or with an activity recognised as being done in practice under the Chartered Accountants Act, 1949. Section 21 permits inquiry into professional or other misconduct, and Section 22, read with the schedules, preserves that framework, but it does not extend disciplinary control to purely personal commercial dealings outside the profession. Conduct arising from a private share sale and similar transactions, even if morally questionable, was held not to amount to professional or other misconduct, and no disciplinary penalty was warranted. en-us Tue, 16 Aug 2016 00:00:00 +0530 Mon, 22 Aug 2016 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331441 A Chartered Accountant is subject to disciplinary action only where the impugned conduct is connected with his professional capacity or with an activity recognised as being done in practice under the Chartered Accountants Act, 1949. Section 21 permits inquiry into professional or other misconduct, and Section 22, read with the schedules, preserves that framework, but it does not extend disciplinary control to purely personal commercial dealings outside the profession. Conduct arising from a private share sale and similar transactions, even if morally questionable, was held not to amount to professional or other misconduct, and no disciplinary penalty was warranted. Case-Laws Indian Laws Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331441