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Complaint Dismissed as Void Ab Initio for Lack of Authorisation: ICAI Board of Discipline Declines to Examine Merits in Auditor NOC Dispute – Ashraf Gani vs. CA Vikash Thakur
Facts of the CaseThe Respondent firm
was appointed as the Statutory Auditor of M/s Lo Faro Shop Pvt. Ltd. for
Financial Years 2020–21, 2021–22 and 2022–23 vide appointment letter dated 28
August 2021. Prior to t...
Chartered Accountant Removed from Register for Offensive and Threatening Social Media Posts Against Government Officials: Disciplinary Order in CA Vivek Kumar Singh (ICAI)
Facts of the CaseDisciplinary
proceedings were initiated against CA Vivek Kumar Singh (M. No. 304049),
Kolkata, in respect of tweets posted on 15th and 26th March 2022 from his
verified Twitter handle @Vivek_Romee. Th...
Chartered Accountant Removed from Register for Three Months for Compromising Auditor Independence and Facilitating Fund Diversion: Disciplinary Order in Parag Manere vs. CA Naresh Kishore Singh Rajpurohit (ICAI)
Facts of the CaseThe
disciplinary proceedings arose from a complaint filed by Mr. Parag Manere,
Deputy Commissioner of Police, Economic Offence Wing, Mumbai, in connection
with a large-scale real estate fraud relating...
CA Reprimanded for Gross Negligence in Safeguarding Digital Signature Certificate and Non-Cooperation with ROC Investigation: ICAI Board of Discipline – DROC Kolkata vs. CA Pratik Kotecha
Facts of the CaseA complaint was filed by Shri Vineet Rai, Deputy Registrar of Companies,
West Bengal (subsequently redesignated as Shri Afsar Ali, DROC, WB), against CA
Pratik Kotecha, Partner of M/s Pratik & Co. ...
No Locus Standi and No Professional Misconduct Where NOC Was Withheld Due to Non-Payment of Audit Fees and Complaint Was Filed by Unauthorized Person: Ambuj Sharma vs. CA Heetendra Kumar Jain (ICAI Board of Discipline)
Facts of the CaseThe respondent, CA Heetendra
Kumar Jain, was the statutory auditor of M/s Bensfurt Internet Private Limited
and resigned on 11.08.2020. He duly filed Form ADT-3 (Notice of resignation by
auditor) on 1...
Chartered Accountant Not Guilty Where Allegations of Trust Fund Misappropriation and Fraud Remained Unsubstantiated and Contradicted by Judicial and Investigative Findings: Bhavana Pundlikrao Gawali vs. CA Upendra Gunwantrao Muley (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Ms. Bhavana Pundlikrao Gawali,
former Member of Parliament, was the founder of M/s Mahila Utkarsh Pratishtha
Trust, later converted into a Section 8 Company. Owing to her professional...
Chartered Accountant Not Guilty of Professional Misconduct Where Bank Fraud Allegations Were Settled Under One-Time Settlement and No Conclusive Evidence Was Established: Sandeep Kumar Sharma (CBI) vs. CA Gurinder Kumar Garg (ICAI Board of Discipline)
Facts of the
CaseThe complaint arose from an investigation conducted
by the Central Bureau of Investigation, Banking Securities and Fraud Cell, New
Delhi, pursuant to FIR dated 03.02.2015 registered against M/s Sarvod...
Chartered Accountant Not Guilty Where ICAI Permission to Act as Sleeping Partner in Family Business Was Proved and Allegations Were Unsubstantiated: Rajendra Rungta vs. CA Surendra Kumar Rungta (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Shri Rajendra Rungta, partner of
M/s Shankar Industries, filed a complaint against the respondent, CA Surendra
Kumar Rungta, his real brother, alleging violation of the Chartered Acco...
Practising Chartered Accountant Penalised for Acting as Whole-Time Director in Multiple Companies Without ICAI Permission and for Non-Payment of Trade Dues: Namika Singhal vs. CA Rakesh Verma (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Ms. Namika Singhal, proprietor of
M/s Tirupati Marketing, Ghaziabad, engaged in distribution of products of Bajaj
Electricals and Pidilite Industries (Fevicol). In 2019, the complaina...
Chartered Accountant Not Guilty Where Allegations of Exorbitant Fees and Refusal to Issue NOC Were Found Outside Disciplinary Jurisdiction and Unsupported: Sudha Thapar vs. CA Ved Vrat Bhalla (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Dr. Sudha Thapar, partner of M/s
Gomti Parshad Thapar Hospital, Moga, Punjab, filed a complaint against the
respondent, CA Ved Vrat Bhalla, alleging multiple acts of misconduct. The
...