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Bombay High Court Upholds Disciplinary Action Against Chartered Accountant for Misappropriation and Fabrication of Documents. Institute of Chartered Accountants of India's Reference under Section 21(v) read with Section 22 of the Chartered Accountants Act, 1949 Allowed.

The Institute of Chartered Accountants of India (ICAI) made a reference to the Bombay High Court under Section 21(v) read with Section 22 of the Chart...

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High Court of Karnataka Confirms Removal of Chartered Accountant for Professional Misconduct in Audit of M/s Great Western Industries Ltd. — Council's recommendation for removal from register for one year upheld under Section 21(6) of the Chartered Accountants Act, 1949.

This is a reference case filed by the Council of the Institute of Chartered Accountants of India (the Council) under Section 21(5) of the Chartered Ac...

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High Court of Karnataka Confirms Removal of Chartered Accountant for Professional Misconduct in Audit of Great Western Industries Ltd. — Council's Recommendation for One-Year Removal Upheld Under Section 21(5) of Chartered Accountants Act, 1949.

This is a reference case filed by the Council of the Institute of Chartered Accountants of India under Section 21(5) of the Chartered Accountants Act,...

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Bombay High Court Quashes ICAI Order Dismissing Complaint as Frivolous Without Hearing Complainant — Violation of Natural Justice. Institute of Chartered Accountants of India directed to decide complaint afresh after giving opportunity of hearing to the complainant.

The petitioner, M/s. Ameyas Infraprojects Pvt. Ltd. (formerly Ameya Developers Pvt. Ltd.), was a partner in a partnership firm M/s. AAP Construction C...

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Bombay High Court Dismisses Pune Municipal Corporation's Petition in Property Tax Classification Dispute. Profession of Chartered Accountant Held Not Equivalent to Trade or Business for Tax Levy Under BPMC Act.

The case involves a property tax dispute between the Pune Municipal Corporation (petitioner) and Respondent No.1, a Chartered Accountant. The Corporat...

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High Court of Karnataka Confirms Removal of Chartered Accountant for Professional Misconduct in Audit of Great Western Industries Ltd. — Council's Recommendation for One-Year Removal Upheld Under Section 21(6) of Chartered Accountants Act, 1949.

This is a reference case filed by the Council of the Institute of Chartered Accountants of India under Section 21(5) of the Chartered Accountants Act,...

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High Court of Gujarat Upholds Disciplinary Action Against Chartered Accountant for Professional Misconduct in Bank Audit. Failure to Report Irregular Loans and Deficient Documentation Constitutes Negligence Under Section 21(5) of the Chartered Accountants Act, 1949.

This is a case reference under Section 21(5) of the Chartered Accountants Act, 1949, arising from a complaint by Smt. Prabha S. Prasad, General Manage...