Disputes between the partners of a chartered accountants firm are not governed by the Chartered Accountants Act but by the Indian Partnership Act – High Court of Kerala
The Hon’ble High Court of Kerala in Joshy John Vs. the Institute of Chartered Accountants of India (WP [C] No. 5833 of 2020 dated: 26.04.2021) has held that disputes between the partners of a chartered accountants firm are not governed by the Chartered Accountants Act, 1949 (CA Act for short) but by the Indian Partnership Act. The petitioner, herein is a Chartered Accountant (CA for short) registered with the Institute ...
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A very good judgement from the Hon’ble High Court of Kerala which has shown the ICAI Officials their position and made them realize that they are not above law. The prestige of ICAI should be protected from such officials, ICAI should suo moto act in this regard and should make sure that in future such type of embarrassing situation doesn’t arise.
I thank the author for such an informative article.
The Kerala High Court’s decision is a welcome development and a strong rebuke to the Institute of Chartered Accountants of India (ICAI) and its officials. The ICAI has a history of disregarding legal procedures, and I am also under similar situations, hopeful that the Karnataka High Court will deliver a similar judgment against the ICAI and its officials shortly