disciplinary proceedings

Coaching classes for CA students not permissible between 9.30 a.m. and 5.30 p.m

Attention of the members is drawn to Announcements dated 27th March 2009 and 19th May 2009 hosted on website of the Institute wherein the decision of the Council with regard to, inter-alia, working hours and coaching hours have been notified. Normal working hours for the articled assistants shall not start after 11.00 AM and not end before 5.00 PM.Coaching classes shall not continue after 9.30 AM and not start before 5.30 PM so as to enable the articled assistants to co..
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ICAI will hear Satyam auditor first before passing any order against them

Accounting regulator ICAI said on Wednesday it would give auditors of Price Waterhouse in the Satyam scam a chance to present their side before passing any order against them. "I told my office to take permission of the court because I want Director, Discipline, to begin proceedings against them (S Gopalakrishnan and Srinivas Talluri). Unless I listen to them, I cannot pass the order against them... either send them to us or a llow us to hear them while in custody," ICA..
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ICAI Disciplinary Committee decision in breach of natural justice is invalid

In the Case of : Partha Ghosh vs. ICAI , Decided By : Mumbai High Court In October 2007, Disciplinary proceedings were initiated against two partners of M/s Pricewaterhouse (PWC) for alleged professional and other misconduct in conducting the statutory audit of Global Trust Bank. The proceedings were based on the findings in the Special Audit report [...]
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CA, CS and cost accountants facing disciplinary action can now appeal to specialised appellate tribunal instead of high court

Chartered accountants, company secretaries and cost accountants facing disciplinary action from their professional regulators can now appeal to a specialised appellate tribunal instead of a high court. The appeals will be heard by professionals who have regulatory experience and can deliver speedy decisions, an official in the ministry of corporate affairs said. The delay at [...]
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ICAI need to act firmly to restore confidence of shareholders

Minister of corporate affairs Prem Chand Gupta on Wednesday stressed  on the need for greater steps by the Institute of Chartered Accountants of India (ICAI) in restoring the confidence of investors  and shareholders, which has been affected in the wake of the Satyam accounting fraud. “What is required is further measures to restore public confidence,”  [...]
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