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Property Dispute Arising from Competing Wills Held Outside ICAI Jurisdiction: Chartered Accountant Found Not Guilty of Other Misconduct – Kala Somani vs. CA Prasan Kumar Deshlahra (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Ms. Kala Somani, an elderly lady
aged about 82 years, filed a complaint against the respondent, CA Prasan Kumar
Deshlahra, alleging mental harassment, illegal occupation of her house,...
No Professional Misconduct in Partnership Dispute with Legal Heir Where Partnership Deed Is Silent on Goodwill and Audit Obligations: Pritha Ponraj vs. CA K. Venkatraman (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Mrs. Pritha Ponraj, widow and
legal heir of late CA S. Ponraj, filed a complaint against the respondent, CA
K. Venkatraman, partner of M/s Ponraj & Co., alleging multiple acts of
...
Chartered Accountant Not Guilty Where Alleged Facilitation of Share Premium Transaction Found Unsupported by Income Tax Findings: Information vs. CA Atul Jain (ICAI Board of Discipline)
Facts of the
CaseA search action under Section 132 of the Income Tax
Act, 1961 was conducted on 23.12.2014 in the case of M/s Kaygee Investments
Private Limited. During the search, it was noticed that the company had
...
Chartered Accountant Penalised for Accepting Statutory Audit Without Prior Communication and Without Verifying Valid Removal of Previous Auditor: Radhakrishna Pillai vs. CA Vijaya Mohan Valiathan (ICAI Board of Discipline)
Facts of the
CaseThe complainant, CA V. Radhakrishna Pillai, was the
statutory auditor of M/s Uniserve Distributors Private Limited for a continuous
period from Financial Year 2015–16 to 2019–20. It was alleged th...
Chartered Accountant Penalised for Accepting Statutory Audit Without Prior Written Communication with Existing Auditor: T. T. Durairaj Kandiar vs. CA Anand K. (ICAI Board of Discipline)
Facts of the
CaseThe complainant, CA T. T. Durairaj Kandiar, on
behalf of M/s Durairaj & Associates, was appointed as the statutory auditor
of M/s Karthigeya Plastics & Technologies Private Limited for the fin...
Prior Written Communication with Previous Internal Auditor Proved by Postal Evidence: Chartered Accountant Held Not Guilty under Item (8) – Sukumar Datta vs. CA Deepak Gulati (ICAI Board of Discipline)
Facts of the
CaseThe complainant, CA Sukumar Datta, was appointed as
the Internal Auditor of the Institute of Indian Foundrymen (IIF) for the
Financial Year 2017–18. The complainant alleged that the respondent, CA D...
Disciplinary Proceedings Barred by Limitation under Rule 12: Chartered Accountant Held Not Guilty in Bribery Allegation Referred After 11 Years – In Re: CA Rajesh Nakra (ICAI Board of Discipline)
Facts of the
CaseInformation was received by the Disciplinary
Directorate of the Institute of Chartered Accountants of India in June 2018
through the Ministry of Corporate Affairs, forwarding a communication from the
...
No NOC Required Where Appointment of Previous Auditor Found Based on Fake Documents: Chartered Accountant Held Not Guilty under Item (8) – Rahul Bansal vs. CA Puneet Gupta (ICAI Board of Discipline)
Facts of the
CaseThe complainant, CA Rahul Bansal, partner of M/s
NPRA & Associates (earlier M/s AVRP & Associates), alleged that his
firm was appointed as the first statutory auditor of M/s Darzi-On-Call Serv...
Chartered Accountant Removed from Register and Fined for Involvement in Accommodation Entries and Fake Bills: In Re CA Radhey Shyam Bansal (ICAI Board of Discipline)
Facts of the
CaseThe matter arose from information received by the
Institute of Chartered Accountants of India based on a self-contained note of
the CBI relating to alleged involvement of the respondent, CA Radhey Shy...
Chartered Accountant Fined ₹1 Lakh for Accepting Statutory Audit Without Prior Communication and Ignoring Outstanding Audit Fees of Predecessor Auditor: Nitin S. Bangad vs. CA Ashish Ashok Baheti (ICAI Board of Discipline)
Facts of the
CaseThe complainant, CA Nitin S. Bangad, was appointed
as the statutory auditor of M/s Veer Gurjar Aluminum Industries Private Limited
and conducted the statutory audit up to the financial year ending Mar...