https://www.taxtmi.com/caselaws?id=760034 The NCLAT dismissed an appeal by a chartered accountant against NFRA's disciplinary order imposing maximum penalty of Rs. 20 lakhs and 10-year debarment for professional misconduct and non-compliance with accounting standards. The appellant claimed he relocated to Nepal in 2021 and couldn't receive NFRA's notices due to inaccessible email and phone. The tribunal rejected this defense as unconvincing, noting the appellant could email SEBI but claimed inability to access email for NFRA communications. The tribunal found no illegality in NFRA's order, confirming due process was followed and the appellant deliberately avoided cooperation, justifying the maximum penalty under proportionality principles. en-us Thu, 25 Apr 2024 00:00:00 +0530 Tue, 15 Oct 2024 08:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760034 The NCLAT dismissed an appeal by a chartered accountant against NFRA's disciplinary order imposing maximum penalty of Rs. 20 lakhs and 10-year debarment for professional misconduct and non-compliance with accounting standards. The appellant claimed he relocated to Nepal in 2021 and couldn't receive NFRA's notices due to inaccessible email and phone. The tribunal rejected this defense as unconvincing, noting the appellant could email SEBI but claimed inability to access email for NFRA communications. The tribunal found no illegality in NFRA's order, confirming due process was followed and the appellant deliberately avoided cooperation, justifying the maximum penalty under proportionality principles. Case-Laws Companies Law Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760034