CS held guilty of negligence in issue of Compliance Certificate

SFIO, MCA Vs. Mohammed Haroon Rasheed Aabid (Disciplinary Committee of ICSI) 1. The Disciplinary Committee on 19th August, 2017 after considering all material on record, oral and written submissions made by the parties and all the facts and circumstances, held that the Respondent is ‘Guilty’ of Professional  Misconduct under Item (7) of Part I of the Second Schedule to the Company Secretaries Act, 1980, as he did not exercise due diligence and was grossly negligent in the conduct of his professional duties while issuing Compliance Certificate to M/s. City Limouzines (India) Ltd., ...