HC directs ICAI to seek disclosures about pending criminal cases from newly qualified CAs
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 27 January, 2022
Latest from Taxmann
Case Details: Mohit Bansal v. Institute of Chartered Accounts of India - [2022] 134 taxmann.com 258 (Delhi)
Judiciary and Counsel Details
-
- Pratibha M. Singh, J.
- Ramji Srinivasan, Sr. Adv. Ms. Pooja Saigal, Simrat S. Pasay, Chaitanya Pandey, Farman Ali and Athar Raza Farooquei, Advs. for the Respondent.
Facts of the Case
In the instant case, despite a criminal case being pending at the time of enrolment as a Chartered Account, the Petitioner was enrolled and was permitted to practice as a CA.
The Delhi High Court has said that there is also a need for a continuing disclosure, which may be annual for members to inform the ICAI if there are any criminal cases/convictions, etc., against members. The ICAI shall not be kept in the dark.
High Court Held
The court has directed the Institute of Chartered Accounts of India (ICAI) to create a framework wherein there is proper disclosure by candidates who apply to become Chartered Accountants.
ICAI shall frame a policy and a mechanism, if not already in existence, for disclosure by members both at the inception and periodically to inform about any criminal cases or convictions so that the spirit and intent of the statute are given effect. The ICAI is not in the dark until some information or complaint notifies it.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
