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ICAI Penalizes CA for Misleading NAV Report, Rs 1.25 Lakh Fine

May 9, 2024 3954 Views 0 comment Print

CA. Hemanshu Solanki fined and reprimanded by ICAI for professional misconduct, failing due diligence in Net Asset Value calculation.

ICAI Reprimands CA for Misleading Audit Report on SARFAESI

May 9, 2024 38604 Views 0 comment Print

CA. Ravish Maniyar found guilty of professional misconduct by ICAI for failing to disclose pending SARFAESI proceedings in an audit report.

ICAI Reprimands CA for Backdated Financial Statement Signing

May 9, 2024 1347 Views 0 comment Print

CA. Ashutosh Arvind Pednekar reprimanded by ICAI for professional misconduct involving backdated financial statement signatures and negligence in verifying signatory authorization.

ICAI Sanctions CA for Audit Failures: Rs 1 Lakh Fine, 3-Month Ban

May 9, 2024 921 Views 0 comment Print

CA. Sachin Madhukar Pachkhede removed from ICAI Register for 3 months and fined ₹1 lakh due to extensive audit non-compliances and professional misconduct.

ICAI Fines, Reprimands CA for Cost Record Reporting Error

May 9, 2024 1296 Views 0 comment Print

CA. Sachin Rajnikant Parekh fined ₹1,00,000 and reprimanded by ICAI for professional misconduct related to non-disclosure of mandatory cost record maintenance in audit report.

Master Direction RBI (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024

May 8, 2024 2763 Views 0 comment Print

Explore the Reserve Bank of India’s Master Direction for Margining Non-Centrally Cleared OTC Derivatives issued in 2024. Understand its implications and applicability.

MCA Imposes Penalty for Conversion of loan into Securities without special resolution

May 8, 2024 1227 Views 0 comment Print

Registrar of Companies imposes penalties on Lalitbagh Heritage Palace and Museum Pvt Ltd for violating Companies Act, 2013. Non-compliance led to fines and potential legal actions.

ICAI Disciplinary Committee Ruling on Price Waterhouse LLP

May 8, 2024 2142 Views 0 comment Print

ICAI’s Disciplinary Committee finds Price Waterhouse LLP guilty of professional misconduct, removing CA Dinesh Supekar from the register for three years.

SC Refuses to Hear Plea Against 45-Day Payment Rule U/S 43B(h)

May 8, 2024 12708 Views 0 comment Print

Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for businesses.

Notification: Income Tax Exemption for Tamil Nadu Electricity Regulatory Commission

May 8, 2024 1008 Views 0 comment Print

Ministry of Finance notifies Income Tax Act Section 10(46) for Tamil Nadu Electricity Regulatory Commission, exempting specified incomes. Details & conditions provided.

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